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Patent wars put pressure on Apple despite robust quarter

Apple’s most recent results demonstrated the firm’s continuing ability to turn its iPhones into gold, despite mounting fears, for the medium term at least, about its over-reliance on a single product family which lives in a market with rising competition and slowing growth. Apple may not be the innovator it once was, but the anniversary iPhone 8 promises to postpone its real smartphone woes for another holiday season at least, especially if it can start to claw back position in China from the ascendant Huawei – although the Chinese company plans to unleash its high end Mate 10 in the same timeframe as the new iPhone. In its third fiscal quarter, Apple achieved revenues of $45.4bn, up 7% year-on-year, with…

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