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Apple reported a record iPhone quarter, with $57.58 billion in iPhone revenue, up 17 percent from a year earlier, in its fourth-quarter earnings released Monday. The gain came after the iPhone 18 lineup launched in September without a new standard model. Apple's inventory rose 154 percent to $14.5 billion, and the company said unprecedented memory chip costs will keep rising, raising questions about future device prices.

2 outlets · 2 articles · first seen Nov 2, 7:01 PM ET

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