Apple posts first annual revenue decline since 2001

Apple ended fiscal 2016 with its first annual revenue drop since 2001.

Net income for the fiscal year came to $45.7 million, down from $53.4 million in fiscal 2015. The company is still the most profitable in the United States, according to Dow Jones Newswires.

In its fiscal fourth quarter, earnings dropped 19 percent to $9 billion.

Read more from Dow Jones Newswires.