Apple reports record $18.4 billion profit as iPhone sales slow

Apple shared its first quarter 2016 results today, revealing record-breaking profits of $18.4 billion, $75.9 billion in revenue, and $3.28 earnings per share. Apple’s profits this quarter just barely beat the company’s first-quarter 2015 profits, which set a historical record. Apple sold 74.8 million iPhones during the quarter. Analysts expected Apple to sell more — between 75.4 million and 77 million iPhones […]...