Apple announces Q1 2016 financial results

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.

 

 

 

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