Apple and Quarterly Profit

iPhones: Apple sold more than 51.2 million iPhones in the first three months of 2016 — while racking up $10.5 billion in quarterly profit, according to The Japan Times. That was more than many analysts expected, but still fewer than the 61 million iPhones sold a year earlier. That putting more pressure on the world most valuable public company to come up with its next big product. The company is battling perceptions that its latest iPhones aren’t dramatically different from previous models, as overall smartphone sales are slowing around the world. Revenue was down 13 percent from the January-March quarter of 2015. Apple also sells iPads, Mac computers and other gadgets, but nearly two-thirds of its $50.6 billion in quarterly revenue came from iPhones. (news.financializer.com). As reported in the news.