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Event Brief

Apple profit rises 27% as it tops Wall Street forecasts

Apple reported a 27% profit increase, beating Wall Street expectations after raising prices due to AI-driven component shortages.
WHO: Apple
WHAT: Apple reported a 27% profit increase and beat Wall Street expectations after raising prices on some products.
WHEN: Jul 30, 2026 at 4:36 PM ET
WHERE: USA
WHY: Apple raised prices on some products because of component supply shortages linked to the AI boom.

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