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Apple set for record fourth quarter avenue

Apple has announced its financial results for 2015 fourth quarter. The Company has been reported to post quarterly revenue of $51.5 billion and quarterly net profit reaching about $11.1 billion. In compare to the revenue of $42.1 billion and a net profit of around $8.5 billion in the previous year quarter is more. The gross margin is believed to be 39.9 percent for the present year when compared to last year’s 38%. Of all the sales international sales accounted for 62 percent of the total quarter’s revenue.

The record sales of iPhone are said to be the important factor for the growth. Other factors affecting the growth are the sales of Apple Watch and the record selling of Mac PC.

The year 2015 saw the revenue growth of Apple company by 28% i.e. nearly $234 billion. Apple’s CEO Tim Cook said this success can be said as the result of their commitment towards making the best and innovative products. He also announced about their upcoming products iPhone 6s and iPhone 6s Plus, Apple Watch with all new cases and bands, the new iPad Pro and the new Apple TV.”

Luca Maestri, Apple’s CFO said, “Apple’s record September quarter resulted in the earnings per share growth of about 38% and operating cash flow of about $13.5 billion,”. He also said that Apple has returned $17 billion to their investors during the running quarter through dividends and share repurchases. And he also said that “Apple” has completed about $143 billion out of $200 billion of the capital return program.

“Apple” has provided the following details for its upcoming 2016 first quarter:

  • Revenue to spend between $75.5 billion and $77.5 billion
  • gross margin between 39% and 40%
  • operating expenses may be between $6.3 billion and $6.4 billion
  • other income or expense of about $400 million
  • tax rate of 26.2%.

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