DHAKA: Apple reported a 13% drop in its second quarter revenue on Tuesday as sales of iPhones slipped.

The technology giant reported quarterly sales of $50.56bn down from $58bn last year - the first fall in sales for the company since 2003.

Apple sold 51.2 million iPhones during the quarter, down from 61.2 million in the same quarter of 2015, reports the BBC.

China was a particular weak spot - sales there fell 26%. Results were also hit by the impact of a stronger dollar.

Apple shares fell 8% in after hours trading. Its shares have fallen close to 20% over the last twelve months.

Apple's chief executive Tim Cook said the company performed well ‘in the face of strong macroeconomic headwinds’.

Slowing sales in established markets hasn’t been too much of a problem for Apple, as China has always been there to prop up its earnings and keep it posting quarter after quarter of record breaking profits.

But with revenues in China taking a hit, the whole company suffers.

BDST: 1215 HRS, APR 27, 2016
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