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Apple Inc (AAPL) SEC Filing 10-K Annual report for the fiscal year ending Saturday, September 24, 2016

Apple Inc

CIK: 320193 Ticker: AAPL


Exhibit 99.1


Apple Reports Fourth Quarter Results

Services Revenue Grows 24% to All-Time Quarterly Record of $6.3 Billion

CUPERTINO, California - October 25, 2016 - Apple
® today announced financial results for its fiscal 2016 fourth quarter ended September 24, 2016. The Company posted quarterly revenue of $46.9 billion and quarterly net income of $9 billion, or $1.67 per diluted share. These results compare to revenue of $51.5 billion and net income of $11.1 billion, or $1.96 per diluted share, in the year-ago quarter. Gross margin was 38 percent compared to 39.9 percent in the year-ago quarter. International sales accounted for 62 percent of the quarter's revenue.

"Our strong September quarter results cap a very successful fiscal 2016 for Apple," said Tim Cook, Apple's CEO. "We're thrilled with the customer response to iPhone 7, iPhone 7 Plus and Apple Watch Series 2, as well as the incredible momentum of our Services business, where revenue grew 24 percent to set another all-time record."

"We are pleased to have generated $16.1 billion in operating cash flow, a new record for the September quarter," said Luca Maestri, Apple's CFO. "We also returned $9.3 billion to investors through dividends and share repurchases during the quarter and have now completed over $186 billion of our capital return program."

Apple is providing the following guidance for its fiscal 2017 first quarter:
revenue between $76 billion and $78 billion
gross margin between 38 percent and 38.5 percent
operating expenses between $6.9 billion and $7 billion
other income/(expense) of $400 million
tax rate of 26 percent

Apple's board of directors has declared a cash dividend of $0.57 per share of the Company's common stock. The dividend is payable on November 10, 2016 to shareholders of record as of the close of business on November 7, 2016.

Apple will provide live streaming of its Q4 2016 financial results conference call beginning at 2:00 p.m. PDT on October 25, 2016 at www.apple.com/investor/earnings-call/. 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 25, 2016 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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Inside Apple Inc's 10-K Annual Report:

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
Acquired Intangible Assets
Acquired Intangible Assets (tables)
Acquired Intangible Assets - Additional Information (detail)
Acquired Intangible Assets - Components Of Gross And Net Intangible Asset Balances (detail)
Acquired Intangible Assets - Expected Annual Amortization Expense Related To Acquired Intangible Assets (detail)
Benefit Plans
Benefit Plans (tables)
Benefit Plans - Additional Information (detail)
Benefit Plans - Restricted Stock Units Activity And Related Information (detail)
Benefit Plans - Summary Of Share-based Compensation Expense (detail)
Commitments And Contingencies
Commitments And Contingencies (tables)
Commitments And Contingencies - Additional Information (detail)
Commitments And Contingencies - Changes In Accrued Warranties And Related Costs (detail)
Commitments And Contingencies - Future Minimum Lease Payments Under Noncancelable Operating Leases (detail)
Comprehensive Income
Comprehensive Income (tables)
Comprehensive Income - Change In Accumulated Other Comprehensive Income By Component (detail)
Comprehensive Income - Pre-tax Amounts Reclassified From Aoci Into Consolidated Statements Of Operations (detail)
Consolidated Financial Statement Details
Consolidated Financial Statement Details (tables)
Consolidated Financial Statement Details - Other Income/(expense), Net (detail)
Consolidated Financial Statement Details - Other Non-current Liabilities (detail)
Consolidated Financial Statement Details - Property, Plant And Equipment, Net (detail)
Debt
Debt (tables)
Debt - Additional Information (detail)
Debt - Debt Instrument Future Principal Payments (detail)
Debt - Summary Of Cash Flows Associated With Issuance And Maturities Of Commercial Paper (detail)
Debt - Summary Of Term Debt (detail)
Financial Instruments
Financial Instruments (tables)
Financial Instruments - Additional Information (detail)
Financial Instruments - 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)
Financial Instruments - Derivative Instruments At Gross Fair Value (detail)
Financial Instruments - Notional Amounts Of Outstanding Derivative Instruments And Credit Risk Amounts Associated With Outstanding Or Unsettled Derivative Instruments (detail)
Financial Instruments - Pre-tax Gains And Losses Of Derivative And Non-derivative Instruments Designated As Cash Flow, Net Investment And Fair Value Hedges (detail)
Income Taxes
Income Taxes (tables)
Income Taxes - Additional Information (detail)
Income Taxes - Aggregate Changes In Gross Unrecognized Tax Benefits Excluding Interest And Penalties (detail)
Income Taxes - Reconciliation Of The Provision For Income Taxes (detail)
Income Taxes - Significant Components Of The Company's Deferred Tax Assets And Liabilities (detail)
Provision For Income Taxes (detail)
Segment Information And Geographic Data
Segment Information And Geographic Data (tables)
Segment Information And Geographic Data - Additional Information (detail)
Segment Information And Geographic Data - Long-lived Assets (detail)
Segment Information And Geographic Data - Net Sales (detail)
Segment Information And Geographic Data - Net Sales By Product (detail)
Segment Information And Geographic Data - Reconciliation Of Segment Operating Income To Consolidated Statements Of Operations (detail)
Segment Information And Geographic Data - Summary Information By Operating Segment (detail)
Selected Quarterly Financial Information (unaudited)
Selected Quarterly Financial Information (unaudited) (tables)
Selected Quarterly Financial Information - Summary Of Quarterly Financial Information (detail)
Shareholders' Equity
Shareholders' Equity (tables)
Shareholders' Equity - Accelerated Share Repurchase Activity And Related Information (detail)
Shareholders' Equity - Additional Information (detail)
Shareholders' Equity - Repurchases Of Common Shares In Open Market (detail)
Shareholders' Equity - Summary Of Dividends Declared And Paid (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 Significant Accounting Policies - Computation Of Basic And Diluted Earnings Per Share (detail)
Ticker: AAPL
CIK: 320193
Form Type: 10-K Annual Report
Accession Number: 0001628280-16-020309
Submitted to the SEC: Wed Oct 26 2016 4:42:16 PM EST
Accepted by the SEC: Wed Oct 26 2016
Period: Saturday, September 24, 2016
Industry: Electronic Computers

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