Apple Reports Record Profit in Q1 2016, Expects iPhone Sales Drop Next Quarter

Apple’s latest financial results brought almost no surprise in terms of iPhone sales, and despite analysts’ estimates, the company’s flagship didn’t decline during the first quarter of fiscal year 2016.

The Cupertino-based firm has revealed earlier today that it posted record profits of $18.4 billion (€16.9 billion) for the quarter, with record revenues of $75.9 billion (€69.9 billion), up from $74.5 billion (€68.6 billion) in Q1 2015.

The iPhone performed particularly w… (read more)

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Juniya Sankara

Juniya Sankara

A web developer, programmer, MacOS fanatic. I also love comic books, sports and I enjoy researching history facts. My role on is to make sure everything works 24/7.