Apple continued to reign as the most profitable and biggest revenue-producing new media company in 2013, despite a year-over-year decline in its net income, according to SNL Kagan data.

The iPhone maker reported net income of about $37.04 billion in its fiscal 2013, down 11.3 per cent from the prior year. Its operating revenues, however, gained 9.2 per cent year over year, to

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