Apple reports record $75.9 billion revenue in FY Q1 2016, 74.8 million iPhones sold

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Apple has reported revenue of $75.9 billion with a net profit of $18.4 billion in their earnings for the financial year Q1 2016 that ended December 26, 2015. Revenues were up 2% and earnings per share, up 7% year-over-year driven by all-time record iPhone sales, all-time record revenue from services, the expanded availability of Apple Watch and the new Apple TV. It sold 74.8 million iPhones, an all-time high, compared to 74.5 million FY Q1 2015, but it is just 1% growth, the slowest since the introduction of the smartphone in 2007. It sold 16.1 million iPads, compared to 21.4 million compared to the same quarter a year ago and sold 5.3 million Macs. Continue reading “Apple reports record $75.9 billion revenue in FY Q1 2016, 74.8 million iPhones sold”