TNT declined 3.5 percent to 18.44 euros after the delivery company reporting an unexpected fall in profit as volumes dropped at the letter-deliver division.

Obviously this report does not take into other costs such as delivery, software development, licensing and royalties but even after the sale Apple are in with a very good profit margin.

TNT NV paced retreating shares after Europe’s second-biggest express-delivery company reported an unexpected decline in profit.