iPhone, Apple Watch popularity results in another record quarter for Apple Inc

Apple’s board of directors has declared a cash dividend of $.52 per share of the Company’s common stock.

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Apple CEO said company is heading into the holidays with its strongest product lineup yet. (Source: Reuters)

Riding on the success of the iPhone 6s series and its smart watch, Apple has posted a quarterly revenue of $51.5 billion and quarterly net profit of $11.1 billion. The company attributed the numbers to “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. 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,” said Tim Cook, Apple’s CEO. “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.”

CFO Luca Maestri said Apple’s record September quarter results drove earnings per share growth of 38% and operating cash flow of $13.5 billion. “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.”

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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 percent compared to 38 percent in the year-ago quarter. International sales accounted for 62 percent of the quarter’s revenue.

Apple is predicting revenue between $75.5 billion and $77.5 billion for the first quarter of 2016 along with a gross margin between 39 percent and 40 percent, operating expenses between $6.3 billion and $6.4 billion, other income/(expense) of $400 million at a tax rate of 26.2 percent.

Apple’s board of directors has declared a cash dividend of $.52 per share of the Company’s common stock. The dividend is payable on November 12, 2015, to shareholders of record as of the close of business on November 9, 2015.

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