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Apple profit falls for first time in nearly a decade

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The Apple logo is displayed on the exterior of an Apple Store on April 23, 2013 in San Francisco, California. — AFP Photo

SAN FRANCISCO, April 23, 2013 - Apple on Tuesday reported that its quarterly profit had dipped for the first time in nearly a decade despite a rise in revenue from the same period a year earlier.

Apple posted a profit of $9.5 billion on revenue of $43.6 billion in the first three months of this year, compared to a profit of $11.6 billion on $39.2 billion in the same quarter in 2012.

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