This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-22274324

The article has changed 5 times. There is an RSS feed of changes available.

Version 0 Version 1
Apple profits fall despite strong sales Apple profits fall for first time in a decade
(35 minutes later)
Computer and smartphone maker Apple has reported profits of $9.5bn (£6.2bn) for the three months to the end of March. Computer and smartphone maker Apple has reported its first quarterly drop in profits in a decade.
That is lower than the $11.6bn in profits it reported for the same period last year. The iPhone maker made a net profit of $9.5bn (£6.2bn) for the three months to the end of March, down from the $11.6bn it reported at the same time last year.
The company said it sold 37.4 million iPhones and 19.5 million iPads worldwide, generating better-than-expected revenues of $43.6bn. But the results were better than many investors had expected, and strong sales of iPhones and iPads helped boost revenues to $43.6bn.
Apple has lost more than 40% of its stock market value since hitting an all-time high in September last year. Concerns among investors had caused Apple's share price to plummet.
It had lost around 40% of its stock market value since hitting an all-time high in September last year.
But sales of flagship products like the iPhone and iPad beat expectations.
The company said it sold 37.4 million iPhones and 19.5 million iPads worldwide in the three-month period.
"We are pleased to report record March quarter revenue thanks to continued strong performance of iPhone and iPad," said Tim Cook, Apple's chief executive, who took over from Steve Jobs in 2011.
"Our teams are hard at work on some amazing new hardware, software and services, and we are very excited about the products in our pipeline."