The company had posted a net income of $7.3 billion in the April-June quarter of 2011.
However, the company's net profit sharply declined on a quarter-on quarter basis, sending the shares lower as much as six per cent in post-trading on Nasdaq on Tuesday.
In the three months to March, Apple's net profit stood at $11.62 billion.
Apple's revenue rose to $35 billion in the quarter under review, an increase of 22.3 per cent from $28.6 billion that it reported in the same quarter last year.
Although, revenues also fell on quarter-on quarter basis, as it was $39.2 billion in the three months period ended in March, 2012.
Going by media reports, Apple's quarterly revenue and earnings fell short of Wall Street's expectations as market analysts were projecting a net income of nearly $11 billion and a revenue of $37
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