Apple reports record Q1 revenue of $75.9 billion
These results compare to revenue of $74.6 billion and net income of $18 billion, or $3.06 per diluted share, in the year-ago quarter.
Gross margin was 40.1 percent compared to 39.9 percent in the year-ago quarter. International sales accounted for 66 percent of the quarter’s revenue.
Apple is providing the following guidance for its fiscal 2016 second quarter: revenue between $50 billion and $53 billion, gross margin between 39 percent and 39.5 percent, operating expenses between $6 billion and $6.1 billion, other income/(expense) of $325 million, and tax rate of 25.5 percent ■