Apple revenues were slightly below forecasts but the technology giant achieved higher net profits than anticipated despite a components shortage that cost it $6bn in the quarter.
The $2.5tn company reported $83.4bn of revenue in its fiscal fourth quarter ending in September, up 29 per cent from a year ago but missing expectations of $84.3bn.
Apple shares fell 5 per cent on the revenues miss in after-hours trading. Net income beat forecasts, however, rising 62 per cent to $20.5bn, versus forecasts of $20.2bn.
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