Apple announces Q1 2016 financial results
Apple announced financial results for the first quarter of 2016 fiscal year, which ended on December 26, 2015. The company managed to set a new record for revenue, but the figure fell short of analysts' forecasts, according to Business Insider. The company's revenue for the period totaled $75.9 billion, and net profit - $18.4 billion, or $3.28 per share. Net profit exceeded the forecast of $3.23 per share. Gross profit amounted to 40.1% compared with 39.9% a year earlier. International sales accounted for 66% of the quarter's revenue.