Apple reported its third quarter 2016 financial results today, with 40.4 million iPhones and 10 million iPads sold. The company posted quarterly revenue of $42.4 billion and quarterly net income of $7.8 billion, or $1.42 per diluted share. In Q3 2015, Apple had revenue of $49.6 billion and net income of $10.7 billion, or $1.85 per diluted share. Gross margin was 38 percent compared to 39.7 percent a year ago. International sales contributed to 63…
