Apple: Q1 Financial Records

image - internet 

Apple announced revenue records for the fiscal year of 2016 Q1. And posting record of quarterly revenue of 75.9 billion USD and record quarterly net income of 18.4  billion USD. International saes accounted for 66% of the quarter's revenue.

"Our team delivered Apple's biggest quarter ever, thanks to the world's most innovative products and all time record sales of iPhone, Apple Watch and Apple TV" - Tim Cook, CEO of Apple Inc.
Apple's estimations for the Q2 of 2016

  • Revenue between 50 Bn USD and 53 Bn USD
  • Gross margin between 39% - 39.5%
  • Operating expenses between 6 Bn USD - 6.1 Bn USD
  • Tax Rate of 25.5%

Apple's board of directors announced a cash dividend of 0.52USD per share for common stock and it paid on 11th of Feb 2016.


Source - Apple