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Apple Inc (AAPL) SEC Filing 10-K Annual report for the fiscal year ending Saturday, September 26, 2015

Apple Inc

CIK: 320193 Ticker: AAPL

Exhibit 99.1

Apple Reports Record Fourth Quarter Results

iPhone, Apple Watch & App Store Drive Revenue Growth of 22%

CUPERTINO, California — October 27, 2015 — Apple

® today announced financial results for its fiscal 2015 fourth quarter ended September 26, 2015. The Company posted quarterly revenue of $51.5 billion and quarterly net profit of $11.1 billion, or $1.96 per diluted share. 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.

The growth was fueled by 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.”

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

Apple is providing the following guidance for its fiscal 2016 first quarter:

 

  revenue between $75.5 billion and $77.5 billion

 

  gross margin between 39 percent and 40 percent

 

  operating expenses between $6.3 billion and $6.4 billion

 

  other income/(expense) of $400 million

 

  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.

Apple will provide live streaming of its Q4 2015 financial results conference call beginning at 2:00 p.m. PDT on October 27, 2015 at www.apple.com/quicktime/qtv/earningsq415. This webcast will also be available for replay for approximately two weeks thereafter.


The following information was filed by Apple Inc (AAPL) on Tuesday, October 27, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Comprehensive Income (parenthetical)
Consolidated Statements Of Operations
Consolidated Statements Of Shareholders' Equity
Accelerated Share Repurchase Activity And Related Information (detail)
Accelerated Share Repurchase Activity And Related Information (parenthetical) (detail)
Aggregate Changes In Gross Unrecognized Tax Benefits Excluding Interest And Penalties (detail)
Benefit Plans
Benefit Plans (tables)
Benefit Plans - Additional Information (detail)
Cash And Available-for-sale Securities' Adjusted Cost, Gross Unrealized Gains, Gross Unrealized Losses And Fair Value Recorded As Cash And Cash Equivalents Or Short-term Or Long-term Marketable Securities (detail)
Change In Accumulated Other Comprehensive Income By Component (detail)
Changes In Accrued Warranties And Related Costs (detail)
Commitments And Contingencies
Commitments And Contingencies (tables)
Commitments And Contingencies - Additional Information (detail)
Components Of Gross And Net Intangible Asset Balances (detail)
Comprehensive Income
Comprehensive Income (tables)
Computation Of Basic And Diluted Earnings Per Share (detail)
Consolidated Financial Statement Details
Consolidated Financial Statement Details (tables)
Debt
Debt (tables)
Debt - Additional Information (detail)
Debt Instrument Future Principal Payments (detail)
Derivative Instruments At Gross Fair Value (detail)
Expected Annual Amortization Expense Related To Acquired Intangible Assets (detail)
Financial Instruments
Financial Instruments (tables)
Financial Instruments - Additional Information (detail)
Future Minimum Lease Payments Under Noncancelable Operating Leases (detail)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (tables)
Goodwill And Other Intangible Assets - Additional Information (detail)
Income Taxes
Income Taxes (tables)
Income Taxes - Additional Information (detail)
Long-lived Assets (detail)
Net Sales (detail)
Net Sales By Product (detail)
Notional Amounts Of Outstanding Derivative Instruments And Credit Risk Amounts Associated With Outstanding Or Unsettled Derivative Instruments (detail)
Other Income/(expense), Net (detail)
Other Non-current Liabilities (detail)
Pre-tax Amounts Reclassified From Aoci Into Consolidated Statements Of Operations (detail)
Pre-tax Gains And Losses Of Derivative And Non-derivative Instruments Designated As Cash Flow, Net Investment And Fair Value Hedges (detail)
Property, Plant And Equipment, Net (detail)
Provision For Income Taxes (detail)
Reconciliation Of Segment Operating Income To Consolidated Statements Of Operations (detail)
Reconciliation Of The Provision For Income Taxes (detail)
Repurchases Of Common Shares In Open Market (detail)
Restricted Stock Units Activity And Related Information (detail)
Segment Information And Geographic Data
Segment Information And Geographic Data (tables)
Segment Information And Geographic Data - Additional Information (detail)
Selected Quarterly Financial Information (unaudited)
Selected Quarterly Financial Information (unaudited) (tables)
Shareholders' Equity
Shareholders' Equity (tables)
Shareholders' Equity - Additional Information (detail)
Significant Components Of The Company's Deferred Tax Assets And Liabilities (detail)
Significant Components Of The Company's Deferred Tax Assets And Liabilities (parenthetical) (detail)
Summary Information By Operating Segment (detail)
Summary Of Cash Flows Associated With Issuance And Maturities Of Commercial Paper (detail)
Summary Of Dividends Declared And Paid (detail)
Summary Of Quarterly Financial Information (detail)
Summary Of Share-based Compensation Expense (detail)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies - Additional Information (detail)
Summary Of Term Debt (detail)
Summary Of Term Debt (parenthetical) (detail)
Ticker: AAPL
CIK: 320193
Form Type: 10-K Annual Report
Accession Number: 0001193125-15-356351
Submitted to the SEC: Wed Oct 28 2015 4:31:09 PM EST
Accepted by the SEC: Wed Oct 28 2015
Period: Saturday, September 26, 2015
Industry: Electronic Computers

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