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Apple's fiscal year (internal accounting year) ends Sept, 30th instead of being aligned with the calendar year.
by a-posteriori 5y ago
Apple's fiscal year (internal accounting year) ends Sept, 30th instead of being aligned with the calendar year.
- secabeen 5y agoThis is very common for companies with holiday-linked or time-linked sales. It's much easier to make your big chunk of sales in Q1 (October-December for Apple), then have the rest of your fiscal year to spend that money. Getting all your revenue in Q4 is much harder to budget around.
- kshacker 5y agoBTW it is not 'exactly' September 30, it is usually last Saturday in September. So it does not even align at a 'calendar month' boundary.