Apple made more money last quarter than it ever has, with the company pulling in $18.4 billion in profit. Not only is that the most Apple has ever made in a quarter, it's the largest profit any public company has ever reported. Apple's previous record of $18 billion was set in the fourth quarter of 2014.
The company also reported $75.9 billion in revenue and there were record average sale prices for the iPhone, iPad, and Mac.
A piece of bad news was included in the financial report, however. Apple expects to only make $50-53 billion in revenue during the first three months of 2016. That's down from $58 billion during the same period in 2015 and it marks Apple's first year-over-year decline in 13 years.
Sales of the iPhone 6s, iPhone 6s Plus, and the iPad Pro all contributed to Apple's significant profit in October-December 2015.
China contributed a large portion of Apple's growth, offsetting revenue declines in the Americas and Japan. |