Today Apple announced their quarter 1 earnings, and once again Apple had record revenue of $75.9 billion, and a record quarterly profit of $18.4 billion. Revenue is up 2% compared to Q1 2015, and 66% of the quarter’s revenue came from International sales. Gross margin for the quarter was 40.1%, or $30.4 billion, up from 39.9% and $29.7 billion last year. Operating income was down slightly to $24.171 billion, but net income was $18.361 billion, which is up 1.8% year-over-year. Apple Q1 2016 Financial Results (GAAP) Q1'2016 Q4'2015 Q1'2015 Revenue (in Billions USD) $75.872 $51.501 $74.599 Gross Margin (in Billions USD) $30.423 $20.548 $29.741 Operating Income (in Billions USD) $24.171 $14.623 $24.246 Net Income (in Billions USD) $18.361 $11.124 $18.024 Margins 40.1% 39.9% 39.9% Earnings per Share (in USD) $3.30 $1.96 $3.08 Although the company had record iPhone sales, it was only just a record. It is still a massive part of...
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