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Apple Posts Record Fiscal Year as iPhone and Mac Sales Surge

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Apple reported its best-ever fiscal year for both revenue and earnings per share. Its iPhone revenue climbed 17.5% year over year to a record $57.6 billion for the September quarter. Mac revenue rose 24% to $10.8 billion, the highest level in four years. Despite the strong results, Apple's shares dropped in premarket trading after the company warned that higher memory costs would pressure profit margins in the holiday quarter.

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