Apple reports record Q1 revenue of $75.9B, but iPhone sales flatten
Apple sold roughly as many iPhones during the last quarter of 2015 as it did during the same period in 2014, signaling a possible end to continual gains for the phone and a potential shift in Apple’s business and the smartphone market at large.
That’s according to financial results from the company's first fiscal quarter, which ended Dec. 26. They showed Apple sold 74.8 million smartphones during the previous quarter, compared to 74.5 million handsets during the same period in 2014. Over the past several years, Apple could be relied upon to post massive iPhone sales that passed the preceding year’s handily. That wasn't the case this time.
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