iPhone sales drop sees Apple's revenues fall for the first time since 2001

For the first time in 15 years Apple's revenues have declined, the latest earnings figures from the Silicon Valley giant show.

Financial details from Tim Cook's company show at the end of the 2016 fiscal year it earned $217 billion (£178bn).

While the year on year $217bn figure is more than most companies would dream of, it represented a nine percent drop from $233.7bn (£191bn) at the end of 2015.

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