Today's Hard|Forum Post
Today's Hard|Forum Post

Tuesday January 26, 2016

Apple Has Another Record Quarter

Even though iPhone growth has ground to a halt, and iPad sales are way down, Apple still managed to pull in record amounts of cash.

It's going to be very interesting to see Apple spin these financials results. The company just announced its Q1 2016 results, and the company posted recorded quarterly revenue and profit of $75.9 billion and $18.4 billion, respectively. That sounds great until you realize that the doomsaying over slowing iPhone sales has come true. Apple sold 74.8 million iPhones in its first full quarter of iPhone 6S and 6S Plus availability -- up a meager 0.4 percent over a year ago.