Joel MathisMacworld

Joel Mathis is a regular contributor to Macworld and TechHive. He lives in Philadelphia with his wife and young son.

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Profits up, sales soft as Apple reports third-quarter earnings

Even in an era where critics complain the company has lost a step, Appleā€™s profits keep climbing. The company released its fiscal third-quarter earnings report on Tuesday, reporting revenue of $37.4 billion and a net profit of $7.7 billion.