Apple today announced financial results for its fiscal 2014 second quarter ended March 29, 2014. The Company posted quarterly revenue of $45.6 billion and quarterly net profit of $10.2 billion, or $11.62 per diluted share. These results compare to revenue of $43.6 billion and net profit of $9.5 billion, or $10.09 per diluted share, in the year-ago quarter. Gross margin was 39.3% compared to 37.5% in the year-ago quarter. International sales accounted for 66% of the quarter’s revenue.
“We’re very proud of our quarterly results, especially our strong iPhone sales and record revenue from services,” said Tim Cook, Apple’s CEO, in a staement. “We’re eagerly looking forward to introducing more new products and services that only Apple could bring to market.”
“We generated $13.5 billion in cash flow from operations and returned almost $21 billion in cash to shareholders through dividends and share repurchases during the March quarter,” said Peter Oppenheimer, Apple’s CFO, in a statement. “That brings cumulative payments under our capital return program to $66 billion.”
• iPhone: 43.719 million units, $26.064 billion revenue
• iPad: 16.350 million units, $7.610 billion revenue
• Mac: 4.136 million units, $5.519 billion revenue
• iPod: $2.761 million units, $461 million revenue
• iTunes/Software/Services: $4.573 billion revenue
Apple is providing the following guidance for its fiscal 2014 third quarter:
• revenue between $36 billion and $38 billion
• gross margin between 37 percent and 38 percent
• operating expenses between $4.4 billion and $4.5 billion
• other income/(expense) of $200 million
• tax rate of 26.1 percent
Wall Street analysts were expecting:
• Thomson Reuters: $10.18 a share on $43.53 billion in revenue
• FactSet: $10.19 a share on $43.7 billion revenue
• Bloomberg:
– Revenue: $43.6 billion
– EPS: $10.16
– Gross margin: 37.7%
– iPhone unit sales: 37.7 million units
– iPhone average selling price (ASP): $610
– iPad unit sales: 19.7 million units
– iPad ASP: $430
– Mac unit sales: 4.03 million units
– iPod unit sales: 2.99 million units
– Apple’s Q314 revenue guidance: $38.1 billion
MacDailyNews Take: Boom!
Related article:
Apple announces 7-for-1 stock split; boosts dividend, ups buybacks to $90 billion
– April 23, 2014
10 months tops left before bankrupcy, I tell you!
Yep, another nail in the coffin. Lay out the white linen. Apple, we hardly knew ye. Only the good die young. A sad fare-thee-well for a ruined outfit, soon to be dispersed to the hinterlands. We won’t see their like again, for mediocrity rudely shoves aside the impertinent. Punch my ticket for Timbuktu. One way.
Only up from here when they release a bigger phone, new products for back to school and Christmas. Excellent!
Eat it clueless pundits. Bwahahahhaha.
The last time AAPL was in the low $80s was early 2007 – essentially the pre-iPhone era. It’s up 700% since then. I’m banking on similar performance in the next 7 years. My paltry little 17 share pile is looking good.