Apple quarterly profit climbs 12% to $8.7 billion

Apple on Tuesday reported that its profit in the recently-ended quarter climbed 12 percent to $8.7 billion, topping expectations and pushing up shares.

Revenue climbed seven percent to $45.4 billion, with the California-based company selling 41 million iPhones.

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Shares rose nearly five percent to $157.48 in after-market trades that followed released of the earnings report.

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