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    Apple's profits slip for first time in a decade

    PressAssociation

    by PressAssociation

    6.6K
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    By: Leanne Rinne
    The company posted profits of £6.27 billion (9.56 billion US dollars), down £1.38 billion (2.1 billion US dollars) from the same time last year in its second quarter results. The change in Apple's fortunes is being attributed to increasing competition and reports of a slowdown in sales of its iPhone and suggestions that the company has lost crucial ground to rivals such as Samsung.