Apple today announced financial results for its fiscal 2014 fourth quarter ended September 27, 2014. The Company posted quarterly revenue of $42.1 billion and quarterly net profit of $8.5 billion, or $1.42 per diluted share. These results compare to revenue of $37.5 billion and net profit of $7.5 billion, or $1.18 per diluted share, in the year-ago quarter. Gross margin was 38 percent compared to 37 percent in the year-ago quarter. International sales accounted for 60 percent of the quarter’s revenue.
Thomson Reuters‘ analysts consensus called for Apple to report net income of $1.31 per share on revenue of $39.84 billion.
Apple Unit Sales Q414:
• iPhone: 39.272 million (vs. 35.203 million YOY, +16% YOY)
• iPad: 12.316 million (vs. 13.276 million YOY, -13% YOY)
• Mac: 5.520 million (vs. 4.413 million YOY, +21% YOY)
• iPod: 2.641 million (vs. 2.926 million YOY, -24% YOY)
“Our fiscal 2014 was one for the record books, including the biggest iPhone launch ever with iPhone 6 and iPhone 6 Plus,” said Tim Cook, Apple’s CEO. “With amazing innovations in our new iPhones, iPads and Macs, as well as iOS 8 and OS X Yosemite, we are heading into the holidays with Apple’s strongest product lineup ever. We are also incredibly excited about Apple Watch and other great products and services in the pipeline for 2015.”
“Our strong business performance drove EPS growth of 20 percent and a record $13.3 billion in cash flow from operations in the September quarter,” said Luca Maestri, Apple’s CFO. “We continued to execute aggressively against our capital return program, spending over $20 billion in the quarter and bringing cumulative returns to $94 billion.”
Apple’s board of directors has declared a cash dividend of $.47 per share of the Company’s common stock. The dividend is payable on November 13, 2014, to shareholders of record as of the close of business on November 10, 2014.
Apple is providing the following guidance for its fiscal 2015 first quarter:
• revenue between $63.5 billion and $66.5 billion
• gross margin between 37.5 percent and 38.5 percent
• operating expenses between $5.4 billion and $5.5 billion
• other income/(expense) of $325 million
• tax rate of 26.5 percent
Apple will provide live streaming of its Q4 2014 financial results conference call beginning at 2pm PDT/5pm EDT on October 20, 2014 at www.apple.com/quicktime/qtv/earningsq414. MacDailyNews will cover with live notes. Check home page for link.
BOOM!
iPod line looks like its toast. its only about 1% of revenue now. YIKES!!!
Well everyone knows that no company can sell one product category for that so long. .
Every iPhone is an iPod too.
Considering that it hasn’t been updated for a while, it’s still doing well. Better than the sales figure of Blackberry, I reckon.
Pow!
Pow? Dunno bout that? Why isn’t the stock responding after hours? It’s a pretty mild response. The numbers don’t lie. It’s just not moving that much.
At least it’s moving in the right direction. Normally, it runs up before the conference call, then it tanks after hours so the people with shorts make their money. So far it’s stayed up around +1.5 (10.5 pre split).
GOT DAYUM
Wish I could be the proverbial fly on the wall to see the grim faces of the SameDung’s top brass as they pore over this report. Haha. Man, this is sweet.
KAAAA-CHING!!!!!!
Wow. 5.5M Macs. That’s got to be a record. Superb.
Now if any Wall Street analyst only focuses on the iPad #s being 12.3M I will personally go over there and cut off their nads with a pair of shears.
Oh you just know all the “Apple Is DOOMED” headlines will be coming along with all the hit-whores crawling out of the woodwork.
And to think, just fourteen or fifteen years ago they were selling fewer than 4 million Macs in a year!
Not even 14 or 15 years ago. Back in 2005, they were still selling less than a million macs a quarter, and the idea that they would ever sell more than a million macs in a quarter seemed ludicrous.
Go for it!
There should be an app for that.
Use a battery opperated egg beater, it’s a lot more fun.
Sharpen them up then see CG’s article at CNBC!
Snappy report!
And Samsung is selling soooo many Galaxy and other smartphones that its profit dropped 60% last Q.
You mean ‘Scumsung has SHIPPED sooooo many phones’ 😀
Let’s hear it for ‘shipped market share’. Long may everyone else chase after it!!!
Laughing at this Seeking Alpha click-contributor:
Q4 Will Show Just How Stagnant Apple Earnings Really Are – Apple Inc.
http://seekingalpha.com/article/2566615-q4-will-show-just-how-stagnant-apple-earnings-really-are
Great link. Speaking Alpha should change timSinking Alpha.
HAHAHAHA too bad you have to sign up to that site to pts a “hey dumbass” message.
Post
That’s Michael Blair. He’s a perennial Apple bear. No matter what happens he finds a way to produce negative spin on Apple.
Rename. Seeking A Brain! 😛
So where is the bump in the stock price. It is still below the previous all time high of 3 years ago? Even though the are printing money hand over fist. I will just have to hope the shooters take it in the shorts. Bastards.
I meant to say shorters
Gee they report after market closes. Can you buy in aftermarket? I cannot and I have 1000 AAPL shares. Wait until tomorrow before you panic. $110 can not be long on coming, my friend.
Yes. I only have 120 of them at and adjusted $47+ per share. The next few days will be good.
@DogGoneToo
Hysterically funny!
Nice one!
I laughed out loud.
The percentages seem wrong…
Did anyone, without their heads in the sand, not expect this? Analysts are not AAPL’s collective group of users so what do they really know? They speculate based on stock theory.
Uh, some one got some percentages a bit wrong. Here are the corrected percentages.
• iPhone: 39.272 million (vs. 35.203 million YOY, +12% YOY)
• iPad: 12.316 million (vs. 13.276 million YOY, -7% YOY)
• Mac: 5.520 million (vs. 4.413 million YOY, +25% YOY)
• iPod: 2.641 million (vs. 2.926 million YOY, -10% YOY)
So iPhone sales growth not quite as large, iPad sales shrinkage not as large, Mac sales growth larger than listed, and iPod sales shrinkage much less than what’s listed.
Yours looks right to me. Theirs must be Wall St math.
Apple’s own summary
Last calendar Q4 Apple grew only 5%, and now it grows 12-15%, which is nearly thrice faster. Dramatical change.
Q1 results are going to be like Godzilla with a headache!
Hats of to all those at Apple whose blood, sweat and tears have made this possible.
I think that the handful of idiots who actually suggested that those on stage at the Apple conference were bored missed it by a mile- not at all bored- just proud and exhausted.
They should go home to their mothers and have their ears boxed and sent upatairs.
What great leadership by Tim Cook. Beating the Whore Street Analysts is like magic. No no no, not the fact that they beat the slimes’ predictions, that’s easy when you have facts, I’m talking about the magic feeling of euphoria that there is still place on this planet for a quality experience.
The numbers show.
Magic.
Thank you Tim Cook and the team at Apple.
Blow out in any shape and form..
And yet shmucks at WS are not letting it fly as it should… Lets see what tomorrow brings !
I’ve often said Macs are crucial to Apple and Apple should market them and I’m routinely bashed by other Apple fans (including yesterday)… what do these guys say now?
Macs help Apple’s bottom line a lot. When Apple
missed analyst’s earnings estimates several years ago (the first time it happened after many years) by I believe something like a paltry $50m the stock went down 40%….
Macs are a crucial platform leg of Apple’s. As people upgrade iPads slower than phones and more akin to PCs, Apple needs to push Macs.
Mac marketshare is lower than iPhones so plenty of room to grow.
since Apple hardly advertise macs (No serious Ad campaign since Mac PC Guy years ago.) almost all sales increase were due to ‘word of mouth’ by fans like me. Apple has the best PCs in Macs and the best PC OS Yosemite, Imagine if they actually MARKETED them… !
—
when you have great products Marketing is not an expense but a Sales Multiplier.
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BTW Great Financial Results !!
I don’t disagree that Macs are important! That said I think the near future is iPads! When iPads soon reach the point that they can do whatever a Mac can do then it may just be a question of semantics! As in Macpad or iPadmac! Lighter and more portable is the future! I can foresee a slim foldable screen iPad size when folded desktop Mac sized fully opened with a light foldable keyboard etc!
Oh and the apple watch on your wrist: swipe to the left it’s a car swipe to the right and its a plane! Haven’t perfected the boat part yet!
I love iPads too.
would really like to get a PRESSURE SENSITIVE iPad . The AppleWatch is somewhat pressure sensitive so maybe in the future for iPad.
I also have a Macbook Pro and a Mac Pro.
For many things my iPad will never match my Mac Pro with two big monitors (one a Wacom Cintiq pressure sensitive monitor) connected to my Pro (I can also add my iPad as a third display with Air Display).
Msft has sold hundreds of millions of copies of Win 7 (mostly to manufacturers) so there’s plenty of Mac opportunity.
The iPad is great for moving around though.
Well don’t we all know that the focus of Wall Street and the “news” (CNN, etc.) will be on the drop in iPad sales. Why? Because Wall Street and main stream news sucks, that’s why. I guess it’s human nature to wanna attack people that do great work. So, if you got haters, you’re doing something right.