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Apple reports record fiscal 1Q16 results

  • Author:Nora
  • Release on :2016-01-27

Apple has announced financial results for its fiscal 2016 first quarter ended December 26, 2015. The Company posted record quarterly revenues of US$75.9 billion and record quarterly net income of US$18.4 billion, or US$3.28 per diluted share.

These results compare to revenues of US$74.6 billion and net income of US$18 billion, or US$3.06 per diluted share, in the year-ago quarter. Gross margin was 40.1% compared to 39.9% in the year-ago quarter. International sales accounted for 66% of the quarter's revenue.

Apple is providing the following guidance for its fiscal 2016 second quarter: Revenues between US$50-53 billion; gross margin between 39-39.5%; operating expenses between US$6-6.1 billion; other income/(expense) of US$325 million and tax rate of 25.5%.

Apple's board of directors has declared a cash dividend of US$0.52 per share of the company's common stock. The dividend is payable on February 11, 2016, to shareholders of record as of the close of business on February 8, 2016.