Record high quarterly results for Apple

Record high quarterly results for Apple

Apple announced yesterday, that it had the best quarterly results so far : $18.4 Billion net profit. All this profit is from sales of it’s flagship products like iPhone, Apple Watch, Apple TV and also  Services for these devices.

“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 growth of our Services business accelerated during the quarter to produce record results, and our installed base recently crossed a major milestone of one billion active devices.”

As you can see, Tim Cook told everyone, that there are 1 billion active Apple devices, all over the world. This and the quarterly results are a huge milestone in the history of the company. However during the Q1 2016 financial results conference call Tim Cook mentioned that he expects a decline in iPhone sales and investors should take caution.

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