Share on
HTML EMBED
Click to Copy

Latest Episodes

Share on
HTML EMBED
Click to Copy
Share on
HTML EMBED
Click to Copy
Marketplace Morning Report
Share on
HTML EMBED
Click to Copy
Marketplace Morning Report
Share on
HTML EMBED
Click to Copy
Share on
HTML EMBED
Click to Copy
Marketplace
Share on
HTML EMBED
Click to Copy
Marketplace Morning Report
Share on
HTML EMBED
Click to Copy
Marketplace Morning Report
Share on
HTML EMBED
Click to Copy
Marketplace Morning Report
Share on
HTML EMBED
Click to Copy
Share on
HTML EMBED
Click to Copy
Final Note

Apple reports record profits in first quarter

Kai Ryssdal Jan 31, 2017
Share Now on:
HTML EMBED:
COPY
Apple CEO Tim Cook speaks on stage during an Apple product launch event on October 27, 2016 in Cupertino, California.   
Stephen Lam/Getty Images

Last year wasn’t a particularly good one for Apple. There was the $14.5 billion tax bill from the Irish government, and some new products saw disappointing sales.

But any warnings of Apple’s demise continuing into this year, as it turns out, were somewhat exaggerated. The company reported record profits from their first quarter today.

It was Apple’s most profitable quarter ever, raking in $78.4 billion. It also sold 78 million iPhones in the three months leading up to New Year’s Eve — more than any previous quarter.

Net income was almost $18 billion. In other words, a license to print money.

How We Survive
How We Survive
Climate change is here. Experts say we need to adapt. This series explores the role of technology in helping humanity weather the changes ahead.