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January 26, 2016 10:20 pm GMT
Apple today reported another record set of results, beating expectations with an all-time high profit of $18.4 billion and revenues of $75.9 billion, with some $216 billion in cash now on its balance sheet. But it could have made even more were it not for the strength of the dollar compared to other currencies. The iPhone maker said that in constant currency, Q1 2016revenue “would… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/-O_oSS68D2c/
Foreign Exchange Weighs On Apples Q1 Sales To The Tune Of $5B
Apple today reported another record set of results, beating expectations with an all-time high profit of $18.4 billion and revenues of $75.9 billion, with some $216 billion in cash now on its balance sheet. But it could have made even more were it not for the strength of the dollar compared to other currencies. The iPhone maker said that in constant currency, Q1 2016revenue “would… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/-O_oSS68D2c/
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