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iPhone Sales Boost Apple Profits
Apple announced that it achieved financial results that exceeded analyst predictions in the third fiscal quarter, with iPhone sales increasing by 22%, contributing to a rise in profits and revenues to $109.42 billion. Despite the success in iPhone sales, revenues from some segments such as services and iPads declined, while the Mac division benefited from higher revenues. The company's net profits reached $29.79 billion, reaffirming its continued revenue growth for four consecutive quarters, each exceeding 15%. Currently, Apple faces a global chip supply crisis, with expectations of price increases for some of its devices, and is preparing to launch a new version of its Siri voice assistant alongside the release of the new generation of iPhones in September, to stay competitive in the artificial intelligence field.
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