Apple posts fourth-quarter growth

By Agence France-Presse

Oct 29, 2022 12:08 am

NEW YORK: Apple reported solid profits on rising revenues Thursday (Friday in Manila), but the tech giant's iPhone sales missed estimates as executives signaled a rising financial toll from the strong dollar.

Shares of Apple edged higher in after-hours trading, as the tech titan avoided a stumble akin to those experienced by Facebook parent Meta and Amazon, both of which have been punished by investors.

THRIVING In this file photo taken on Sept. 14, 2021, the Apple logo is seen at the entrance of an Apple store in Washington, D.C. Apple reported solid profits on rising revenues on Thursday, Oct. 27, 2022 (October 28 in Manila), but the tech giant’s iPhone sales missed estimates as executives signaled a rising financial toll from the strong dollar. AFP PHOTO

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