Apple shared its first quarter 2016 results today, revealing record-breaking profits of $18.4 billion, $75.9 billion in revenue, and $3.28 earnings per share. Apple sold 74.8 million iPhones during the quarter. Analysts expected Apple to sell between 75.4 million and 77 million iPhones during the quarter, depending on who you asked.
Concerning revenue, Apple estimated it would bring it between $75.5 billion and $77.5 billion for the first quarter — analysts (conveniently) offered similar revenue guidance on average: $76.59 billion. Analysts guessed Apple would report $3.23 in earnings per share for the quarter.
As our own Chris O’Brien wrote yesterday, “Apple’s earnings each quarter are easily more scrutinized than those of any other company in the world. That’s part of the price you pay for being the world’s most valuable company.”
Here’s what Apple’s quarterly iPhone sales look like to date.
The company’s revenue follows the same pattern.
Apple’s first fiscal quarter is always its biggest — for both total revenue and iPhone sales. This year, investors are eager to find out whether Apple’s iPhone 6s and 6s Plus will keep the company’s incredible sales momentum going.
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