Apple released its second quarter earnings report today, announcing that the company is sitting on $194 billion in cash and revenue for the quarter was up 27% from the same period the previous year. Its profits alone for the same period clocked in at $13.6 billion.
However, when compared to the first quarter of 2015, Apple's revenue was down nearly $16 billion.
International sales accounted for 69% of the revenue for the quarter, reflecting the high demand in emerging markets such as China for Apple products. Apple said it sold 61.17 million iPhones and 4.6 million Macs. The Mac figure represented double-digit growth for the company.
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However, when compared to the first quarter of 2015, Apple's revenue was down nearly $16 billion.
International sales accounted for 69% of the revenue for the quarter, reflecting the high demand in emerging markets such as China for Apple products. Apple said it sold 61.17 million iPhones and 4.6 million Macs. The Mac figure represented double-digit growth for the company.
Continue reading…
Continue reading...