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Apple’s revenue and profit edge up despite slowing economy


AP Technology Writer

Apple has managed to boost both its sales and profit during a summertime quarter that depressed the fortunes of most other major tech companies. But that doesn’t necessarily mean the iPhone maker will be immune to a potential recession. Even though Apple fared reasonably well, the July-September results released Thursday signaled that the world’s most valuable company is facing some of the same economic headwinds that hammered the profits of fellow juggernauts Microsoft and the corporate parents of both Google and Facebook. Both Apple’s revenue and earnings topped analyst estimates, but its iPhone sales missed projections in a potentially troubling sign. The company’s shares rose about 1.5%.

Article Topic Follows: AP National Business

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