This afternoon Apple announced their earnings, and for the quarter, they had record revenues of $88.293 billion, which is up 13% from the same quarter a year ago. Margins were down 0.1% to 38.4%. Apple had an operating income of $26.274 billion, up 16.2%, and a net income of $20.065 billion, up 12.1%, which translated to earnings per share of $3.92, up from $3.38 a year ago.
Apple Q1 2018 Financial Results (GAAP)
Revenue (in Billions USD)
Gross Margin (in Billions USD)
Operating Income (in Billions USD)
Net Income (in Billions USD)
Earnings per Share (in USD)
As usual, Apple’s iPhone continues to be the driving force behind Apple’s earnings. For the quarter, unit sales were down 1% from a year ago, but revenue was up 13%. Apple sold 77.3...
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