Maybe one more quarter after this…the fluke can’t continue, the fat lady is stretching her vocal cords preparing to sing…but for now Apple is doing pretty well…in fact they have enough stockpile of CASH to almost pay for Berkshire, half of Microsoft and about half of Google…AND they have returned 143 Billion back to shareholders!!!
A few headlines from today’s news. Apple revenue jumps 22 percent as iPhone sales surge <http://www.reuters.com/> 1 hour ago . View photo The new Apple iPhone 6S and 6S Plus are displayed during an Apple media event in San Francisco, California, September 9, 2015. REUTERS/Beck Diefenbach (Reuters) - Apple Inc's (AAPL.O) quarterly revenue rose 22.3 percent as sales of iPhones jumped 36 percent, driven by the launch of the 6S and 6S Plus models last month. The company's net income rose to $11.12 billion, or $1.96 per share, in the fourth quarter ended Sept. 26 from $8.47 billion, or $1.42 per share, a year earlier. Net sales rose to $51.50 billion from $42.12 billion. The world's largest company by market value said on Tuesday that it sold about 48 million iPhones in the quarter. (Reporting by Devika Krishna Kumar in Bengaluru and Julia Love in San Francisco; Editing by Kirti Pandey) 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 Just Dropped a Bomb on Your Credit Card Company By: David Hanson Dear Opportunistic Investor, $18 million a day. That's how much money American Express, Capital One, Chase, Discover and all the other credit card companies stand to lose thanks to an unprecedented shift in the way Americans are using their credit cards. You've probably heard a lot about this monumental development already...yet I can almost guarantee you haven't heard the full story. It started last year when Apple CEO Tim Cook unveiled Apple Pay - the highly anticipated system that lets you use your iPhone in place of a credit card. Already, more than 750 banks are allowing their customers to use Apple's revolutionary payment system. They're happily giving up as much as $18 million per day - that's an astonishing $6.57 billion per year - just to be a part of Apple's payment revolution. Apple's cash swells 33% to $206B Apple sold nearly 50 million iPhones in the fiscal 4th quarter, reports Jefferson Graham on #TalkingTech. By Jefferson Graham Apple has a good problem. It can't get rid of its cash fast enough. The digital gadget maker's cash and investments during the quarter jumped to $206 billion — a staggering 33% increase from the same period a year ago. The swelling pile of cash underscores why selling $650 phones in this day and age continues to be an enviable business model. Apple would have enough cash to give every American $646 apiece - which is remarkably close to the retail price of an iPhone. Thanks to strong sales of the iPhone, the company reported a quarterly adjusted profit of $1.96 a share, beating estimates calling for a profit of $1.87 a share. Apple's numbers even topped the unofficial hopes of investors polled by Estimize, looking for a profit of $1.92 a share. Apple's cash continues to mount - even though it keeps trying to get rid of it. The company returned $17 billion to investors during the quarter in the form of stock buybacks and dividends. Apple has now paid out $143 billion of the $200 billion it said it would give to investors.
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