Apple Q1 results are out, impressive as usual

It's no secret that Apple are doing pretty well as of late, so their good financial results for the first three months of the year should come as no surprise. The Company recorded revenue of 13.50 billion US dollars and net quarterly profit of 3.07 billion US dollars.

These results compare very favorably to the 9.08 billion dollars of revenue and 1.62 billion dollars of profit achieved in the same quarter of last year. Gross margin has also raised to 41.7 percent, up from 39.9 percent in the year-ago quarter.

Also worth noting is that international sales have once again accounted for more than a half of the total revenue (58 percent to be precise).

The number of sold iPhones for the past three months is 8.75 million, which more than twice as much as the same period of last year (3.79 million). A comparison with the previous quarter is not impressive but still favorable (8.73 million iPhones were shipped during the holiday season).

You can check out the full report by following the source link below.

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