The Apple logo, 5th Avenue store, New York
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Apple profits fall for first time in decade

23 April 2013 Last updated at 09:36 BST

Apple has reported its first quarterly drop in profits in a decade, but said it will raise dividends for shareholders.

The computer and smartphone maker made a net profit of $9.5bn (£6.2bn) in the January to March quarter, down from $11.6bn (£7.6bn) last year.

But the results were better than many had expected, as strong iPhone and iPad sales boosted revenues to $43.6bn (£28.6).

Samira Hussain reports.