Apple squeezes more from each iPhone as holiday shipments flatten
by from Techreport on (#3EW6A)
Apple released its fiscal 2018 first-quarter results today. Amid concerns about soft iPhone demand over the holiday season, the company posted what it calls all-time record revenue of $88.3 billion, a 13% improvement year-on-year, and operating income of $26.3 billion, up 12.5% on the year. Net income continued the trend with a 12% increase to $20 billion. The company's 38.4% gross margin for the quarter shrank about one-tenth of a percentage point from a year ago.
Apple moved a whopping 77.3 million iPhones , down 1% from a year ago, but the company's most important product still brought in 13% more ...