Apple’s earnings top analysts’ forecasts but year on year sales drop again

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The tech giant’s share price dropped slightly after the results came out

Apple made a slightly higher profit last quarter even though sales dipped during the period – a time during which the iPhone maker became the first publicly held company in the US to be valued at $3 trillion .

The results released on Thursday covered April to June, the third consecutive quarter that Apple has posted a year-over-year decline in revenue. That is its longest stretch of declining sales in nearly seven years.

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