Apple's Q1: Record $18.4 billion profit, but iPhone sales are slowing<article>
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Apple just reported
its financial results for the holiday quarter, which ended Dec. 26, and unsurprisingly, the company posted huge numbers: $18.4 billion in profit on $75.9 billion in revenue. The company sold 74.8 million iPhones, which is slightly less than the 75 million expected from sales of the new iPhone 6s and 6s Plus, though still nothing to shake a stick at. Apple’s Q1 is the most profitable quarter any company has ever reported. Ever.</p><p>
But here’s the deal: iPhone sales won’t keep climbing forever—though they’re still growing, it’s at a slower rate than ever before, from 74.5 million units to 74.8 million year-over-year. Apple expects revenue in the current quarter to decline year-over-year, from $58 billion during last year’s Q2 to between $50 billion and $53 billion when the quarter ends in March.</p><p class="jumpTag"><a href="/article/3026448/tech-events-dupe/apples-q1-record-18-4-billion-profit-but-iphone-sales-are-slowing.html#jump">To read this article in full or to leave a comment, please click here[/url]</p></section></article>
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Apple's Q1: Record $18.4 billion profit, but iPhone sales are slowing
