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 ...

Login to access this article

To access this article you need to be a subscriber. If you are a subscriber login below.

Start your 4 week Free Trial

Register for a Music Week trial to access this article.

Sign up for your digital free trial to Music Week, the no 1 weekly trade magazine for anyone who needs to understand the business of music. For four whole weeks we will provide you with great, in-depth journalism that gets right inside the business of music.

Start your free trial

Subscribe

If you have previously taken a trial you will need to subscribe to access this article.

Subscribe Now
subscribe link free-trial link

follow us...