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Apple Profit Probably Fell Amid Growth Slowdown for IPhone

Apple Inc.’s quarterly profit is projected to shrink for the first time in a decade, hurt by products with lower profit margins and slower iPhone-sales growth.

Fourteen analysts have reduced their estimates for Apple in the past four weeks, as shares in the world’s most valuable technology company continue their slide from a September record high. Competition from Samsung Electronics Co. is also weighing on the stock, and pressure is mounting for Chief Executive Officer Tim Cook to introduce hit products to reignite sales.