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Reports its first decline in annual revenue and profit since 2001. The dow component said revenue fell for the third consecutive quarter, as iphone sales dropped from a year ago. But remember, despite the falloff in numbers, apple is still the most profitable american company. And it did issue a rosie outlook. For the latest quarter, apple earned 1. 67 a share, one cent better than estimates. Revenue fell 9 to more than 46 billion, just about in line with expectations. The stock popped, then dropped, in initial after hours trading. Josh lipton has more now on apples results. Reporter 45. 5 million, the big number in apples latest earnings reporting and first to iphone units in the companys fourth quarter. That was a drop of about 5 year over year, but it did beat analysts expectations of 44. 8 million. Question for investors is where this iphone franchise heads from here. Bears will say the best days are behind it. Like a lot of hardware you will see dropping average prices and margins

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