But I sense a spreading unease with Apple. The articles I sent here were in that vein. Another, today, questions how Apple is spending all the billions it's putting into R&D. For a company that makes just a few consumer products, ten billion dollars looks like overkill. Or waste. At the same time, it's far less percentage-wise than Facebook spends on R&D.It is such a shame that Apple is only able to maintain a 38% margin…
Five percent, as I recall.
Sorry to disappoint:
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.
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Jim Saklad mailto:jimdoc@icloud.com
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Posted by: Jim Saklad <jimdoc@icloud.com>
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