Apple failed to set a new sales record in the last three months of founder and CEO Steve Jobs' life. Its financial results came in below expectations — a rare miss for the company.
After several record quarters, the July-to-September period saw Apple biding its time, with no new iPhone or iPad releases.
Net income in the fiscal fourth quarter was $6.62 billion, or $7.05 per share. That was up 54 percent from $4.31 billion, or $4.64 per share, a year ago.
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