Apple reports record financial results

Coral Williamson

Apple saw a record quarterly revenue of $75.9 billion and record quarterly net income of $18.4bn, or $3.28 per diluted share for its fiscal 2016 first quarter ended December 26, 2015.

These results compare to revenue of $74.6bn and net income of $18bn, or $3.06 per diluted share, in the year-ago quarter. Gross margin was 40.1% compared to 39.9% in the year-ago quarter. International sales accounted for 66% of the quarter’s revenue. 

“Our team delivered Apple’s biggest quarter ever, thanks to the world’s most innovative products and ...

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