Apple posts $ 50.6 billion in its second fiscal quarter of 2016, the first annual drop in over a decade [atualizado]

Apple has just released its financial results for the fiscal second quarter 2016, ended on March 26.

The company earned $ 50.6 billion in the period, with net profit of $ 10.5 billion or $ 1.90 put in thin. The results compare to US $ 58 billion, US $ 13.6 billion and US $ 2.33, respectively, in the second fiscal quarter of 2015. The company's first annual decline since 2003, which was already expected by the forecast that Apple gave in the first fiscal quarter.

Gross margin in the period was 39.4%, against 40.8% a year ago. International sales comprised 67% of all quarterly billing.

Here are the sales figures for the quarter:

  • iPhones: 51.2 million (annual drop of 16%), $ 32.9 billion in revenue (annual drop of 18%)
  • iPads: 10.3 million (19% annual drop), $ 4.4 billion in revenue (19% annual drop)
  • Macs: 4 million (annual drop of 12%), $ 5.1 billion in revenue (annual drop of 9%)
  • Services: $ 6 billion in revenue (20% annual increase)
  • Other products: $ 2.2 billion in revenue (30% annual increase)

Statement by the executive director (CEO) Tim Cook:

Our team did very well in the face of strong macroeconomic difficulties. We are very happy with the strong and continuous growth of revenue in Services, thanks to the incredible strength of the Apple ecosystem and our growing base of more than 1 billion active devices.

And that of the executive director (CFO) Luca Maestri:

We generated a strong operating cash flow of US $ 11.6 billion and returned US $ 10 billion to shareholders through our capital return program during the March quarter. Thanks to our corporate results, we are happy to announce today a new increase to the program, to $ 250 billion.

Looking ahead to the fiscal third quarter of 2016, Apple estimates revenue between $ 41 and $ 43 billion, gross margin between 37.5% and 38%, operating expenses between $ 6 and $ 6.1 billion, other revenues / ( expenses) of $ 300 million and a tax rate of 25.5%. In other words, it again predicts an annual drop in relation to the third fiscal quarter of 2015.

Return on capital program goes to $ 250 billion

Apple today also announced that its Board of Directors has approved a $ 50 billion increase in the company's equity return program. By March 2018, there will be a total of $ 250 billion paid in cash.

As part of this updated program, the Council increased its share buyback authorization from $ 140 to $ 175 billion. In addition, the quarterly dividend will be increased by 10% to $ 0.57 per share, payable on May 12, 2016 to all registered shareholders until the end of business on May 9, 2016.

Since the program began in August 2012, Apple has returned $ 163 billion to shareholders including $ 117 billion in share buybacks.

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at 6 pm (at Brasilia time), Apple will broadcast a conference via audio to discuss all these numbers and more. Later, as usual, the publish all the details that roll by.

Update · 04/26/2016 s 17:50

Obviously, the annual drop in numbers did not please at all Wall Street. At this time, Apple shares (NASDAQ: AAPL), which closed Tuesday at a slight drop of 0.69%, quoted at $ 104.35, are plummeting 6.7% in post-closing trading sessions, now quoted to $ 97.37.