In closely-watched first quarter 2016 results that had many expecting Apple to stumble, the company reported sales and earnings slightly ahead of the same period a year ago, barely setting new records. Sales for the quarter ending December 26 were $75.9 billion (up $1.3 billion) and net income was $18.4 billion (up $400 million), or $3.28 per diluted share. But projections for the second quarter do forecast a decline in sales; the company expects revenues of between $50 billion and $53 billion, compared to $58 billion in second quarter 2015 (and below analysts’ previous forecasts of $55 billion). As a […]
