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

Wednesday October 26, 2016

Apple Is 19% Less Profitable In Q4 Of 2016 Than In Q4 Of 2015

Apple made nineteen percent less profit this quarter compared to the same quarter last year. I'm not sure how any company can get by on only $9 billion and a profit margin of almost forty percent but, I guess all we can do now is pray that things turn around for Apple.

Apple made $9 billion in profit and $46.9 billion in revenue, compared to $11.1 billion in profit and $51.5 billion in revenue in Q4 of 2015. Its gross margin was 39.4 percent. These results beat Apple's guidance for the quarter, which predicted revenue between $45.5 billion and $45.7 billion and a profit margin between 37.5 and 38 percent.

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