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Apple has another record quarter, but iPhone sales growth slows to a halt
It's going to be very interesting to see Apple spin these financials results. The company just announced its Q1 2016 results, and the company posted recored quarterly revenue and profit of $75.9 billion and $18.4 billion, respectively. That sounds great until you realize that the doomsaying over slowing iPhone sales has come true. Apple sold 74.8 million iPhones in its first full quarter of iPhone 6S and 6S Plus availability -- up a meager 0.4 percent over a year ago. As such, the company is forecasting revenue for the next quarter to land between $50-53 billion, a number that would mark a year-over-year decline in revenue for the first time since 2009.
