Apple reported record Q4 revenue and earnings, with revenue of $62.9 billion, 20 percent above the prior year’s quarter and 18 percent above the prior quarter. Apple sold almost 47 million iPhones in Q4, 14 percent above Q3’s volume, yet just 0.5 percent above the prior year’s fourth quarter. However, iPhone revenue grew 29 percent year-over-year to $37.1 billion, reflecting the increasing average selling price of the iPhone.
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