(BBC) Computer and smartphone maker Apple has reported its first quarterly drop in profits in a decade.
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.
But the results were better than many investors had expected, and strong sales of iPhones and iPads helped boost revenues to $43.6bn.
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.
Although Apple remains a dominant player in the tablet computer and smartphone markets, investors were worried that its market share was being eroded by increasingly popular offerings from rivals such as Samsung.
(More: BBC)
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