Apple posts another record quarter, but iPhone sales slump
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Apple reported its third quarter earnings today, putting another period of eye-popping profits on the books. Investors were eager to glean any details about how well the new Apple Watch sold, but the bulk of the company’s revenue is still coming from its trifecta of iPhone, iPad, and Mac sales, with digital goods and services a close fourth. Apple generated $49.6 billion in revenue, slightly above analysts expectation of $49 billion. It earned a profit of $10.7 billion, trailing its record of $18 billion that it set during the first quarter of this year.