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Iphone Sales

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Apple posts record $57.58B iPhone revenue despite no new standard model

Apple's fourth-quarter earnings report shows iPhone revenue hit $57.58 billion, up 17 percent year-over-year, even though the company skipped releasing a standard iPhone in its latest lineup refresh. Overall company revenue rose 12 percent to $114.5 billion, with Mac revenue up 24 percent to $10.79 billion and services revenue reaching $31.57 billion, while iPad sales fell 10 percent to $6.23 billion.