Apple has announced financial results for the first quarter of the 2016 financial year ending December 26, 2015, the company Revenue for the quarter was $75.9 billion, and net income of $18.4 billion, or $3.28 per one share. The data contained in the report Apple submitted January 27.
For comparison, the revenue for the same quarter of the previous year amounted of $74.6 billion and net quarterly profit — $18 billion, or $3,06 per share. Gross quarterly profit was 40.1% compared to 39.9% a year earlier. International sales accounted for 66% of the quarter’s revenue.
Amid falling global smartphone market and Chinese economic slowdown, the experts did not expect from Apple some achievements. However, the company has experienced growth in iPhone sales and a significant increase in the revenue of the company. Apple reported to 74.8 million iPhone sold, compared to 16.1 million iPads and 5.3 million Macs. For comparison, a year earlier in the same quarter of iPhone sales was $ 7.4 million, iPad sales – 21.4 million, Mac – 5.5 million
“Our team has achieved the most successful quarterly result in the history of Apple thanks to the most innovative products in the world and record sales of iPhones, Apple Watch and Apple TV, said Tim cook, Apple CEO. The growth in our business services has accelerated during the quarter that allowed us to achieve record results and our database of installations recently surpassed the important mark of one billion active devices”.
“The highest levels of our sales and a steady growth of income set new records in net income and earnings per share despite a very challenging macroeconomic environment,’ said Luca Maestri, Apple’s CFO. — During the quarter, we provided cash flow from operations in the amount of 27.5 billion U.S. dollars, while shareholders were returned $ 9 billion of cash through dividends and through share buyback. Total payments under our program of return of capital currently amounted to 153 billion dollars of the 200 billion”.
Predictions of Apple for the second quarter of fiscal year 2016:
- The income level from $50 billion to $53 billion
- Gross quarterly profit on the level from 39 to 39.5%
- Operating expenditure level from $6 billion to $6.1 billion
- Other income/(expense) of $325 million
- Tax rate of 25.5%
Apple’s Board of Directors has declared a cash dividend in the amount of $0,52 per share. The dividend is payable February 11, 2016, to shareholders at the time of closure of the register at the end of the day February 8, 2016.