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Apple's first profit slide in a decade came despite an increase in sales of its iPhones and iPads.
The company sold 37.4 million iPhones in the quarter, compared to 35.1 million for the same period a year ago, and 19.5 million iPads compared to 11.8 million.
Tim Cook, Apple's chief executive officer, remained optimistic on the company's future, saying:
Apple has reported a $2.1 billion (£1.38 billion) fall in profits in the second quarter, its first decline in a decade.
The technology giant said profits stood at $9.56 billion (£6.27 billion) during the period, compared with $11.6 billion (£7.6 billion) a year earlier.
- Last week Apple lost its position as the world's most valuable publicly traded company when its shares hit their lowest levels in a year-and-a-half
- Some analysts say the fall in profits could be as high as 20%, compared with the same period last year
- The result would mark the first time Apple has suffered a fall in earnings since 2003 when it opened its iTunes Store
- Apple has faced pressure from investors calling for new big products along with mounting competition from Samsung which unveiled its latest Galaxy S4 handset last month
Apple is expected to reveal a dip in profits today for the first time in a decade. It is because of a slowdown in sales of the iPhone and suggestions the company has lost crucial ground to rivals such as Samsung.
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Second quarter profits for the company were down £1.38 billion from the same time last year, and the next 12 months will be crucial.