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Apple’s Q1 2016 earnings: 74.8M iPhones, 16.1M iPads, $75.9B revenue

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Apple’s Q1 2016 earnings: 74.8M iPhones, 16.1M iPads, $75.9B revenue

As is par for the course, another set of months has passed, and now it’s time for another quarterly earnings report from Apple, the house that built the iPhone. Apple has posted yet another strong quarter. In fact, this quarter was the strongest for the company to date. And, as usual, the iPhone is leading the charge. Apple’s other key products, including iPads and Macs, were still sold in the millions, all of which combined to earn the Cupertino-based company billions in revenue in the three month span since its last quarterly earnings report. These results also include sales of the Apple Watch, the new Apple TV, and the iPad Pro.

Here is a breakdown of Q1 2016 numbers compared to figures from the same quarter in 2015.

  • Revenue: $75.9 billion versus $74.6 billion last year
  • iPhones: 74.8 million versus 74.5 million last year
  • iPads: 16.1 million versus 21.4 million last year
  • Macs: 5.3 million versus 5.5 million last year

And here are some comments on the numbers from Tim Cook and Apple’s CFO Luca Maestri:

“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,” said Tim Cook, Apple’s CEO. “The growth of our Services business accelerated during the quarter to produce record results, and our installed base recently crossed a major milestone of one billion active devices.” “Our record sales and strong margins drove all-time records for net income and EPS in spite of a very difficult macroeconomic environment,” said Luca Maestri, Apple’s CFO. “We generated operating cash flow of $27.5 billion during the quarter, and returned over $9 billion to investors through share repurchases and dividends. We have now completed $153 billion of our $200 billion capital return program.”

Unaudited summary data:

 When compared to the year-over-year, Apple earned $74.6 billion in total revenue, with 74.5 million iPhones, 21.4 million iPads, and 5.5 million Macs. So, overall, Apple saw similar sales when compared to the first quarter of 2015.

At the time of this post, APPL is [surprisingly] holding steady around the $100/share mark.

As is par for the direction, any other set of months has handed, and now it’s time for any other quarterly profits document from Apple, the home that constructed the iPhone. Apple has published but some other robust quarter. In reality, this quarter used to be the most powerful for the corporate thus far. And, as same old, the iPhone is top the price. Apple’s different key merchandise, together with iPads and Macs, have been nonetheless bought within the tens of millions, all of which mixed to earn the Cupertino-primarily based corporate billions in revenue within the 3 month span given that its final quarterly profits record. These effects additionally come with gross sales of the Apple Watch, the brand new Apple TV, and the iPad Pro.

Here is a breakdown of Q1 2016 numbers in comparison to figures from the similar quarter in 2015.
  • Revenue: $75.9 billion as opposed to $74.6 billion final yr
  • iPhones: 74.8 million as opposed to 74.5 million remaining yr
  • iPads: 16.1 million as opposed to 21.4 million remaining yr
  • Macs: 5.3 million as opposed to 5.5 million ultimate yr
And listed here are a few feedback at the numbers from Tim Cook and Apple’s CFO Luca Maestri:
“Our staff brought Apple’s largest quarter ever, way to the arena’s so much cutting edge merchandise and all-time document gross sales of iPhone, Apple Watch and Apple TV,” stated Tim Cook, Apple’s CEO. “The expansion of our Services industry speeded up right through the quarter to supply document effects, and our put in base just lately crossed a huge milestone of 1 billion lively units.” “Our report gross sales and powerful margins drove all-time data for web source of revenue and EPS regardless of an overly tricky macroeconomic setting,” stated Luca Maestri, Apple’s CFO. “We generated running money float of $27.5 billion all through the quarter, and back over $9 billion to buyers thru percentage repurchases and dividends. We have now finished $153 billion of our $200 billion capital go back software.”
Unaudited abstract knowledge:
 When in comparison to the yr-over-yr, Apple earned $74.6 billion in overall revenue, with 74.5 million iPhones, 21.4 million iPads, and 5.5 million Macs. So, general, Apple noticed equivalent gross sales while in comparison to the primary quarter of 2015.

At the time of this publish, APPL is [surprisingly] keeping stable across the $100/percentage mark.
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