Apple Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended December 26, 2015; Provides Earnings Guidance for the Second Quarter 2016
January 26, 2016 at 09:33 pm
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Apple Inc. announced unaudited consolidated earnings results for the first quarter ended December 26, 2015. For the quarter, the company reported net sales of $75,872 million against $74,599 million a year ago. Operating income was $24,171 million against $24,246 million a year ago. Income before provision for income taxes was $24,573 million against $24,416 million a year ago. Net income was $18,361 million or $3.28 diluted per share against $18,024 million or $3.06 diluted per share a year ago. Cash generated by operating activities was $27,463 million against $33,722 million a year ago. Payments for acquisition of property, plant and equipment was $3,612 million against $3,217 million a year ago. Payments for acquisition of intangible assets were $394 million against $48 million a year ago.
For the second quarter, the company expects revenue between $50 billion and $53 billion, gross margin between 39% and 39.5%, operating expenses between $6 billion and $6.1 billion and tax rate of 25.5%.
Apple Inc. specializes in the design, manufacture and marketing of computer hardware and music supports. Net sales break down by family of products and services as follows:
- telephone products (52.1%): iPhone brand;
- peripheral devices (10.5%): screens, storage systems, printers, video camera, memory cards, server, switches, etc.;
- computers (10.2%): laptops (MacBook, MacBook Air and MacBook Pro brands) and PCs (iMac, Mac mini, Mac Pro and Xserve);
- music support (7.4%): music readers iPod and iPad and accessories;
- other (19.8%): software, maintenance service and Internet access service, etc.
Net sales are distributed geographically as follows: Americas (42.4%), China/Hong Kong/Taiwan (18.9%), Japan (6.3%), Asia/Pacific (7.7%) and Europe/India/Middle East/Africa (24.7%).
Apple Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended December 26, 2015; Provides Earnings Guidance for the Second Quarter 2016