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Apple reported disappointing financial results for its fiscal fourth quarter ended September 30, as sales of iPhones failed to match Wall Street estimates. The stock is losing ground in late trading Thursday.
For the quarter, Apple (ticker: AAPL) posted revenue of $83.4 billion, up 29% from the year ago quarter, and shy of the Street consensus at $84.9 billion. Profits were $1.24 a share, in line with estimates.