After a year of blistering sales growth, Apple showed that it has a more resilient business than many of its tech peers, even though it cooled off in the first three months of the year.
The company reported Thursday that profit rose 6% to $25 billion in its second fiscal quarter, a slowdown from the double-digit growth in each of the previous five quarters. Sales increased 9% to $97.29 billion, exceeding analysts’ expectations, as pandemic-fueled purchases of iPads and Macs slowed from a year earlier.
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