Why Apple's Record Quarter Is Bumming Out Investors
Apple reported record revenue and net income for its most recent quarter, but investors aren't celebrating.By Leah Becerra | January 27, 2016
Apple reported record quarterly revenue of $75.9 billion and record quarterly net income of $18.4 billion for its first quarter in 2016. The company also said it sold more iPhones in those three months than ever before. (Video via Apple)
But that didn't seem to make investors happy. Mostly because it appears the iGiant's growth could finally be slowing.
iPad sales have been falling for a while now, and the company's newest member of the family, the iPad Pro, doesn't seem to have helped.