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Apple reports record $ 18.4 billion profit in first fiscal quarter 2016 [atualizado 2x]

Apple has just released its financial results for the first fiscal quarter of 2016, whose period ended on December 26, 2015.

The company expected revenue between $ 75.5 and $ 77.5 billion, and closed in: $ 75.9 billion. Net profit in the quarter was a record (for any company), of $ 18.4 billion, or of $ 3.28 put in thin. In the first fiscal quarter of 2015, the figures were $ 74.6 billion, $ 18 billion and $ 3.06, respectively.

Gross margin in the period was 40.1%, slightly above the 39-40% forecast and against 39.9% in the first fiscal quarter of 2015. International sales comprised 66% of all quarterly sales.

Here are the sales numbers by product lines:

  • iPhones: 74.8 million (against 74.5 million a year ago)
  • iPads: 16.1 million (against 21.4 million)
  • Macs: 5.3 million (against 5.5 million)

According to Apple, its current installed base of 1 billion users comprising iPhones, iPads, Macs, iPods touch, Apple TVs and Apple Watches used in their services in the past 90 days.

Statement by the CEO (Executive Director) Tim Cook:

Our team delivered the largest quarter in Apple's history, thanks to the most innovative products in the world and historic sales records for iPhones, Apple Watches and Apple TVs. The growth of our Services business accelerated during the quarter to produce record results, and our installed base has recently crossed the 1 billion mark of active devices.

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

Our record sales and strong margins have led to historical records of net profit and diluted steel earnings, even with a very difficult macroeconomic environment. We generated an operating cash flow of $ 27.5 billion during the quarter, and returned more than $ 9 billion to investors through share repurchases and dividends. We have reached $ 153 billion of our $ 200 billion in capital return program.

Looking ahead to the second fiscal quarter of 2016, Apple predicts revenue between $ 50 and $ 53 billion, gross margin between 39% and 39.5%, operating expenses between $ 6 and $ 6.1 billion, other revenue / ( expenses) of $ 325 million, and a tax rate of 25.5%. In other words, Apple is estimating a drop compared to the second fiscal quarter of 2015 when it earned US $ 58 billion.

Apple's board declared a cash dividend of $ 0.52 per share for the company, payable on February 11 to all shareholders registered at the close of business on February 8.

at 8 pm (for the summer time in Brasilia), Apple will broadcast live on audio via QuickTime to address these results and other operational details. Later, we will publish all the highlights here on .

Update · 26/01/2016 at 20:00

Some graphics, compiled by Horace Dediu (@asymco):

Update II · 1/26/2016 s 20:09

The first reaction from some analysts was that sales of iPhones "disappointed" as this was the smallest growth in the history of the smartphone. But it was still a growth, 0.4%, and many forget we are talking about almost 75 million devices in a single quarter. This is an average of 34,000 devices sold per hour, non-stop, for 13 consecutive weeks! And the average price per device also reached a record of US $ 690.50.

The numbers of iPads continue to worry, as they are in constant decline. And this time we had the entry of the iPad Pro, but it only started to be sold towards the end of the fiscal quarter and still with very tight inventories. We'll see what happens to the tablet numbers in the second fiscal quarter of 2016.

Apple also published a supplementary document (PDF) indicating that had it not been for a recent dollar appreciation against other currencies, it would have closed the quarter with a turnover of $ 80.8 billion or 8% more than in the first fiscal quarter of 2015.