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Apple grows revenue, profits

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Apple has announced financial results for its fiscal 2015 fourth quarter ended 26 September 2015, with quarterly revenue of $51,5-billion and quarterly net profit of $11,1-billion, or $1.96 per diluted share.
These results compare to revenue of $42,1-billion and net profit of $8,5-billion, or $1.42 per diluted share, in the year-ago quarter.
Gross margin was 39,9% compared to 38% in the year-ago quarter. International sales accounted for 62% of the quarter’s revenue.
The growth was fueled by record fourth quarter sales of iPhone, the expanded availability of Apple Watch, and all-time records for Mac sales and revenue from services.
“Fiscal 2015 was Apple’s most successful year ever, with revenue growing 28% to nearly $234-billion,” says Apple CEO Ti Cook. “This continued success is the result of our commitment to making the best, most innovative products on earth, and it’s a testament to the tremendous execution by our teams.
“We are heading into the holidays with our strongest product lineup yet, including iPhone 6s and iPhone 6s Plus, Apple Watch with an expanded lineup of cases and bands, the new iPad Pro and the all-new Apple TV which begins shipping this week.”
“Apple’s record September quarter results drove earnings per share growth of 38% and operating cash flow of $13,5-billion,” says Luca Maestri, chief financial officer of Apple. “We returned $17-billion to our investors during the quarter through share repurchases and dividends, and we have now completed over $143-billion of our $200-billion capital return program.”
Apple is providing the following guidance for its fiscal 2016 first quarter:
* Revenue between $75,5-billion and $77,5-billion;
* Gross margin between 39% and 40%;
* Operating expenses between $6,3-billion and $6,4-billion;
* Other income/(expense) of $400-million; and
* A tax rate of 26,2%.