#apple’s record profits were helped by a calendar quirk

Tech

Last night, Apple reported a terrific end to 2016, breaking its record for quarterly revenue with a gargantuan $78.4 billion for the final three months of the year. The company also checked off record revenues from its iPhone, Mac, Apple Watch, and Services divisions. There’s no denying it has been a phenomenal success from a company that has repeatedly defied its critics. But there’s one little asterisk to the whole happy affair, and that’s the fact that Apple’s financial Q1 2017 stretched out to 14 weeks rather than the usual 13, owing to a calendar peculiarity.

As was noticed in the summer, Apple’s last quarter of 2016 was already planned to include an extra week due to the last Saturday of the quarter, the day on which Apple…

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