...SAN FRANCISCO (Standard & Poor's) July 21, 2015--Standard & Poor's Ratings Services said today that Cupertino, Calif.-based hardware and services provider Apple Inc.'s (##+/Stable/A-1+) financial results for its quarter ended June 27, 2015 do not affect the ratings on the company. Apple's revenues rose 33% year over year in the third quarter to nearly $50 billion, representing a third 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 jumped again, more than doubling to $13 billion during the quarter. iPhone unit sales rose 35% year over year and made up 63% of total revenues during the quarter compared with 53% in the prior year. 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 $13 billion for the quarter, partly funded by new debt raises during the quarter, and cash...
