Apple's fiscal fourth-quarter profits and revenues impress
by from Techreport on (#RT36)
Apple has released its financial results for the fourth quarter of its financial-year 2015, and its performance continues to impress, even if the company's growth isn't quite as meteoric as it has been in past quarters. Cupertino made $11.1 billion in net profit on $51.5 billion in revenue. That's a 30.6% increase in profits and a 22.3% increase in revenue compared to this time last year. Gross margin increased to 39.9%, up from 38% a year ago.
Apple says its growth was fueled by "record fourth-quarter sales" of iPhones along with wider availability of ...