Apple’s Q1 2016 Earnings Report: Everything You Need to Know
By Conner Carey
If you have stock in Apple, take a sigh of relief. Yesterday afternoon the company announced record quarterly profit, netting $18.4 billion dollars in Q1 2016. “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,” said Tim Cook, Apple’s CEO. The quarter, which ended December 26, 2015, saw record breaking revenue as well, raking in $75.9 billion dollars. Wall Street warned Apple’s soaring numbers couldn’t last, but the company continues its upward climb.. for now.