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Apple Profits Fall, But Exceed Analysts' Expectations

The Apple store in Santa Monica, Calif., is seen Thursday, May 9, 2013. (Reed Saxon/AP)
The Apple store in Santa Monica, Calif., is seen Thursday, May 9, 2013. (Reed Saxon/AP)

Apple’s stock prices rose in the third quarter, even as profits lagged.

Sales of its iPhone performed well, but overall product sales in China fell 14 percent compared to this time last year.

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