Apple posts $75.9 billion in revenue for its fiscal first quarter
by from Techreport on (#11YN5)
Apple has announced what it's calling its strongest results ever for the first quarter of its financial 2016. The company posted $75.9 billion in revenue and $18.4 billion in net income. Those numbers are up about 1.7% and 2.2% from the year-ago quarter. Gross margin grew to 40.1% from 39.9% a year ago.
While that growth isn't as meteoric as past quarters, Apple says it performed well despite a difficult macroeconomic climate. The company points out that turbulence in exchange rates negatively affected its results ...