[Swordmaker]

Amazing. Apple bests the record on the best quarter of any business in history, Apple's own record from the Year-over-year from the same quarter 1st fiscal quarter 2015 (last calendar quarter 2014), and the anal-cysts are claiming that because Apple did not meet their over-heated expectations, Apple missed on Revenues and iPhone production, even though both of those were also all time records as well. . . and dollar value of the revenues had to be discounted because the US dollar has inflated Apple product foreign prices in the rest of the world by 15% suppressing sales and Apple still made record revenues!

Investor's Business Daily's headline "Apple Misses Q1 Targets For iPhone, Mac, iPad Sales" Investor's Business Daily

reported Apple missed on things Apple does not provide guidance or targets to meet. . . which makes their headline a complete lie. The only thing Apple may have missed are overblown expectations of anal-cysts. These hyperbolic headlines are resulting in after-hours trading of AAPL being down, so expect AAPL to open down tomorrow even though Apple just reported the best quarter of all time for any company in history. It makes no sense.

[Swordmaker]

Blow-by-blow of Apple's 1st Fiscal Quarter 2016 Financial Results Conference Call.

• Record quarterly revenue of $75.9 billion (vs. $74.6 billion YOY)
• Record quarterly net income of $18.4 billion, or $3.28 per diluted share (vs. $18 billion, or $3.06 per diluted share YOY)
• Gross margin was 40.1 percent (vs. 39.9 percent YOY)
• 74.779 million iPhones sold
• 16.122 million iPads sold
• 5.312 million Macs sold
• New quarterly record for Apple Watch sales
• Apple's installed base recently crossed a major milestone of one billion active devices (iPhone, iPad, Mac, iPod touch, Apple TV, and Apple Watch devices that have been engaged with their services within the past 90 days)

-- PING!

Apple Financial Report
1st Fiscal Quarter 2016
Ping!

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[ImJustAnotherOkie]

Since they have put the iCar on hiatus maybe they can start selling Muslim sex toys.

With a Cash Balance like that, and few prospects for future growth who knows what the future holds.

[Menehune56]

Dang, looks like Apple is well on it's way to going out of business. Hope I can pick up some deals at the liquidation sale.

/s

[Richard Kimball]

I'm of two minds on Apple right now. None of the new products they've come up with since Jobs died appeal to me.

The Macbook Pro and the iMac are still the best computers out there, though.

The generation of revenue and profits are incredible. It's odd to me that anyone could find something negative about having the most profitable quarter in history. That's just amazing.