Apple Reports Financial Results For Q3 2014


Apple announced its financial results for third fiscal quarter of 2014, posting a revenue of $37.4 Billion and a profit of $7.7 Billion. The revenue posted for same quarter last year was $35.3 Billion and profit was $6.9 Billion.

Apple® today announced financial results for its fiscal 2014 third quarter ended June 28, 2014. The Company posted quarterly revenue of $37.4 billion and quarterly net profit of $7.7 billion, or $1.28 per diluted share. These results compare to revenue of $35.3 billion and net profit of $6.9 billion, or $1.07 per diluted share, in the year-ago quarter. Gross margin was 39.4 percent compared to 36.9 percent in the year-ago quarter. International sales accounted for 59 percent of the quarter’s revenue.

Apple also shared the sales numbers for its devices that have contributed towards the revenue. Total numbers of iPhones which are the major contributors for revenue sold this quarter were 35.2 Million compared to 43.7 Million for last quarter.  Total number of iPads sold were 13.3 Million units, Macs 4.4 Million units and iPods 2.9 Million units. Revenue from iTunes/Software/Services was $4.9 Billion and from accessories $1.3 Billion. Location-wise, America gave sales of $14.6 Billion, Europe $8.1 Billion, Greater China $5.9 Billion, Japan $2.6 Billion and rest of APAC $2.2 Billion.

Two big announcements that came this quarter were Beats acquisition and IBM partnership for enterprise services.

Tim Cook, CEO of Apple said:

“Our record June quarter revenue was fueled by strong sales of iPhone and Mac and the continued growth of revenue from the Apple ecosystem, driving our highest EPS growth rate in seven quarters,” said Tim Cook, Apple’s CEO. “We are incredibly excited about the upcoming releases of iOS 8 and OS X Yosemite, as well as other new products and services that we can’t wait to introduce.”

CFO Luca Maestri said:

“We generated $10.3 billion in cash flow from operations and returned over $8 billion in cash to shareholders through dividends and share repurchases during the June quarter,” said Luca Maestri, Apple’s CFO. “We have now taken action on over $74 billion of our $130 billion capital return program with six quarters remaining to its completion.”

Analysts predicted a sale of 36.5 Million units of iPhones for Q3 2014 which is quite close to the achieved sales of 35.2 Million. Analysts’ prediction for iPads was 14.7 Million units which is slightly higher than the 13.3 Million units sold.

Apple has also declared an upcoming dividend payment of $0.47 per share, payable on August 14 to shareholders. Apple currently holds $164.5 Billion in cash and marketable securities.

(Via 9To5 Mac)

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