By Daniel Hunter

Apple’s shares fell by 9% in after-hours trading after it reported flat profits for the months October to January.

The US tech giant reported profits of $13.1bn (£7.9bn), with a record 51 million iPhones and 26 million iPads sold in the period.

Earnings did beat Apple’s expectations, but the company has lowered its forecast for 2014, causing worry for investors and share prices to fall.

In December, Apple announced a deal with China Mobile, China’s largest mobile phone network, to provide the iPhone in the country. As a result, Apple said revenue increased by 29% in China, compared with the previous year.

But there was a 9% fall in revenue in the rest of Asia/Pacific, as well as a slight dip in the USA.

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