Apple bulldozes Street with record quarterly revenue of $42.1 billion

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.

48 Comments

      1. 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).

  1. 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.

      1. 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.

  2. 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.

    1. 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.

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