Finance

Apple first quarter result commentary

Apple yesterday released their first quarter results and a quarterly revenue of $117.2 billion, and while this was a 5% decrease from last year, it was also the second largest quarter in Apple’s history. Their installed base crossed 2 billion active devices and hit all-time high for all major product categories. Services set a new all-time revenue record. Highlights  * $117.2 billion in revenue – the second largest quarter Apple has ever had * Total profit of $30 billion – also the second-m