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<\/p>\nCupertino, CA…Apple\u00ae today announced financial results for its fiscal 2016 first quarter ended December 26, 2015. The Company posted record quarterly revenue of $75.9 billion and record quarterly net income of $18.4 billion, or $3.28 per diluted share. These results compare to revenue of $74.6 billion and net income of $18 billion, or $3.06 per diluted share, in the year-ago quarter. Gross margin was 40.1 percent compared to 39.9 percent in the year-ago quarter. International sales accounted for 66 percent of the quarter\u2019s revenue.<\/p>\n
<\/p>\n
\u201cOur team delivered Apple\u2019s biggest quarter ever, thanks to the world\u2019s most innovative products and all-time record sales of iPhone, Apple Watch and Apple TV,\u201d said Tim Cook, Apple\u2019s CEO. \u201cThe growth of our Services business accelerated during the quarter to produce record results, and our installed base recently crossed a major milestone of one billion active devices.\u201d<\/p>\n
\u201cOur record sales and strong margins drove all-time records for net income and EPS in spite of a very difficult macroeconomic environment,\u201d said Luca Maestri, Apple\u2019s CFO. \u201cWe generated operating cash flow of $27.5 billion during the quarter, and returned over $9 billion to investors through share repurchases and dividends. We have now completed $153 billion of our $200 billion capital return program.\u201d<\/p>\n
Apple is providing the following guidance for its fiscal 2016 second quarter:
\nrevenue between $50 billion and $53 billion
\ngross margin between 39 percent and 39.5 percent
\noperating expenses between $6 billion and $6.1 billion
\nother income\/(expense) of $325 million
\ntax rate of 25.5 percent<\/p>\n
Apple\u2019s board of directors has declared a cash dividend of $.52 per share of the Company\u2019s common stock. The dividend is payable on February 11, 2016, to shareholders of record as of the close of business on February 8, 2016.<\/p>\n
Apple will provide live streaming of its Q1 2016 financial results conference call beginning at 2:00 p.m. PST on January 26, 2016 at www.apple.com\/investor\/earnings-call\/. This webcast will also be available for replay for approximately two weeks thereafter.<\/p>\n
Q1\u201916 Earnings Supplemental Material<\/p>\n
This press release contains forward-looking statements including without limitation those about the Company\u2019s estimated revenue, gross margin, operating expenses, other income\/(expense), and tax rate. These statements involve risks and uncertainties, and actual results may differ. Risks and uncertainties include without limitation the effect of competitive and economic factors, and the Company\u2019s reaction to those factors, on consumer and business buying decisions with respect to the Company\u2019s products; continued competitive pressures in the marketplace; the ability of the Company to deliver to the marketplace and stimulate customer demand for new programs, products, and technological innovations on a timely basis; the effect that product introductions and transitions, changes in product pricing or mix, and\/or increases in component costs could have on the Company\u2019s gross margin; the inventory risk associated with the Company\u2019s need to order or commit to order product components in advance of customer orders; the continued availability on acceptable terms, or at all, of certain components and services essential to the Company\u2019s business currently obtained by the Company from sole or limited sources; the effect that the Company\u2019s dependency on manufacturing and logistics services provided by third parties may have on the quality, quantity or cost of products manufactured or services rendered; risks associated with the Company\u2019s international operations; the Company\u2019s reliance on third-party intellectual property and digital content; the potential impact of a finding that the Company has infringed on the intellectual property rights of others; the Company\u2019s dependency on the performance of distributors, carriers and other resellers of the Company\u2019s products; the effect that product and service quality problems could have on the Company\u2019s sales and operating profits; the continued service and availability of key executives and employees; war, terrorism, public health issues, natural disasters, and other circumstances that could disrupt supply, delivery, or demand of products; and unfavorable results of legal proceedings. More information on potential factors that could affect the Company\u2019s financial results is included from time to time in the \u201cRisk Factors\u201d and \u201cManagement\u2019s Discussion and Analysis of Financial Condition and Results of Operations\u201d sections of the Company\u2019s public reports filed with the SEC, including the Company\u2019s Form 10-K for the fiscal year ended September 26, 2015, and its Form 10-Q for the fiscal quarter ended December 26, 2015 to be filed with the SEC. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.<\/p>\n
Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch and Apple TV. Apple\u2019s four software platforms \u2014 iOS, OS X, watchOS and tvOS \u2014 provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay and iCloud. Apple\u2019s 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than we found it.<\/p>\n","protected":false},"excerpt":{"rendered":"
Cupertino, CA…Apple\u00ae today announced financial results for its fiscal 2016 first quarter ended December 26, 2015. The Company posted record quarterly revenue of $75.9 billion and record quarterly net income of $18.4 billion, or $3.28 per diluted share. These results compare to revenue of $74.6 billion and net income of $18 billion, or $3.06 per […]<\/p>\n","protected":false},"author":1,"featured_media":14662,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_cbd_carousel_blocks":"[]","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,20,1],"tags":[],"class_list":["post-14661","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-featured","category-news","last_archivepost"],"jetpack_featured_media_url":"https:\/\/new.thepinetree.net\/wp-content\/uploads\/2016\/01\/logo-osx.png","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/14661","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14661"}],"version-history":[{"count":0,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/14661\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/media\/14662"}],"wp:attachment":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}