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Apple profit slips 19% to $9 bn on lower iPhone sales

The new iPhone 7 smartphone is on display on the day of its release at Covent Garden in London

Apple said Tuesday its profit over the past quarter fell 19 percent to $9 billion, pulled down by a drop in iPhone sales.

The world's biggest company by market value said revenue in the fiscal fourth quarter fell to $46.9 billion from $51.5 billion a year earlier.