Apple Had Another Record-shattering Quarter

Apple reported another blockbuster quarter Monday that shattered records from the brisk sale of iPhones. Here are the key points from the earnings release. What you need to know: Apple posted $58 billion in second-quarter revenue, a 27% increase year-over-year. The company’s profits jumped nearly 33%, to $13.6 billion or $2.34 per share. No one expected Apple to match its record-setting first quarter, when the company racked up nearly $75 billion in revenue thanks to a strong holiday performance in the first full quarter of sales for the iPhone 6 and iPhone 6 Plus.

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