...SAN FRANCISCO (Standard & Poor's) Oct. 27, 2015--Apple Inc.'s (##+/Stable/A-1+) revenues rose 22% year over year in the fourth quarter to $51.5 billion, representing a fourth consecutive quarter of strong growth for the company since the launch of the iPhone 6 and iPhone 6 Plus in September 2014. Sales in Greater China doubled to over $12 billion, again supported by strong demand for the iPhone. In all, Apple's revenues jumped 28% year over year to $234 billion for fiscal 2015. iPhone unit sales rose 22% year over year and made up 63% of total revenues during the quarter compared with 56% in the prior-year period. Adjusted EBITDA margin rose modestly to the 37% area, while free operating cash flow reached nearly $70 billion on a latest-12-month basis. Dividends and share repurchases totaled $17 billion for the quarter, partly funded by new debt raises during 2015. Total debt outstanding (including commercial paper) jumped by about $30 billion to $64 billion during the fiscal year, but we...
