Apple raises prices, and profits keep booming

Apple said Thursday it had another wildly profitable quarter as consumers proved willing to pay higher prices for their iPhones and other products, and spend more on apps and services.

The Cupertino company said profit in the quarter that ended Sept. 30 rose 32 percent, to $14.13 billion, from the same period a year ago, beating analysts’ estimates. Its revenue increased nearly 20 percent, to $62.9 billion.

Apple’s massive business continues to soar, with little of the turbulence that has afflicted its peers in Silicon Valley. Facebook, Google and Twitter have faced questions about their influence in the spread of disinformation and the proliferation of hate speech. Amazon has avoided much of that but has faced antitrust questions.