Apple Earnings call details
Today was the day when Apple held their earnings call, detailing the financial results of the first fiscal quarter of 2016 – which is actually, just to confuse you, the fourth calendar quarter of 2015.
So how have Apple been going? Plugging along quietly? Well, you might have guessed it, because they seem to be pretty good at it – it was record breaking.
For the quarter, Apple posted revenue of $75.9 billion and a net quarterly profit of $18.4 billion.
Just a drop in the bucket, really.
Interestingly enough, international sales accounted for 66 percent of revenue. And just to put the cherry on top of the very expensive pie, Apple currently holds $215.7 billion in cash and marketable securities, partially offset by $53.2 billion in long-term debt.
Now, let’s get down to the nitty gritty. Apple sold (again, a record) 74.8 million iPhones during the quarter, Mac sales were down slightly to 5.3 million units sold from 5.5 million units in the year-ago quarter, and iPad sales were also down with a measly 16.1 million (from 21.4 million).
From the Sauce, CEO Tim Cook:
“Our team delivered Apple’s biggest quarter ever, thanks to the world’s most innovative products and all-time record sales of iPhone, Apple Watch and Apple TV, the growth of our Services business accelerated during the quarter to produce record results, and our installed base recently crossed a major milestone of one billion active devices.”
Tags: Quarterly earnings call
Apple, Cool Features, iPhone, New Releases | iPhone-Antidote | 
January 26, 2016 5:54 pm
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