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Apple Sales Do Not Meet Expectations Of Wall Street

Apple Inc on Tuesday reported a rise in third-quarter sales of 6%, less than expected, after placing 35.2 million iPhones in the smartphone market increasingly competitive.

The company, which gets most of its revenue from high-end mobile devices, reported sales of 37,400 million for the third quarter ended June, which fell short of Wall Street expectations of 38,000 million.

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