Apple Reports Q1 Results: Record Profit $18.4 billion

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Apple's Q1 results are out, and it's been another strong quarter for the company, although, the shine is coming off the massive growth and the company has warned of tougher conditions.

January 26, 2016 — Apple® today announced financial results for its fiscal 2016 first quarter ended December 26, 2015. The Company posted record quarterly revenue of $75.9 billion and record quarterly net income of $18.4 billion, or $3.28 per diluted share. These results compare to revenue of $74.6 billion and net income of $18 billion, or $3.06 per diluted share, in the year-ago quarter. Gross margin was 40.1 percent compared to 39.9 percent in the year-ago quarter. International sales accounted for 66 percent of the quarter’s revenue. Apple Reports Q1 Results: Record Profit $18.4 billion [apple.com]