Skip to comments.Apple smashes Street with revenue of $45.65 billion in Q214
Posted on 04/23/2014 2:16:12 PM PDT by Swordmaker
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 quarters revenue. Were very proud of our quarterly results, especially our strong iPhone sales and record revenue from services, said Tim Cook, Apples CEO, in a staement. Were 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, Apples 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
- 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
- Apples Q314 revenue guidance: $38.1 billion
I wonder how PSS is.
If you want on or off the Mac Ping List, Freepmail me.
I'd say he might be PSSed
Actually DennisW has finally had his prediction to come true. Apple stock is going to be below $200. . . but not for the reason he was predicting. When the stock splits it’ll be below $100 a share.
Oops, meant to ping Dessniw to that last post.
I’m not at work. Anyone know how it’s doing in the after market?
Apple Inc. (AAPL) After Hours Trading
Get AAPL Alerts
*Delayed - data as of 04/23/2014 17:22
Same store sales, down.
Split allegedly for the little guy ... the same little guy who could not participate in the *after hours* 8% jump, today.
Wow, 4.5 billion revenue just from iTunes? At the turn of the century, I seem to remember Apple's net worth was less than that. And it wasn't that long ago.
Windows 8 is the gift that keeps on giving - to Apple.
Use the best of the best.
They’re evil, profit! Oh my goodness,, what next? Employee Bonuses?
Wifey is glued to her iPhone,, games and she texts.
I hear ya on finding on what works for ya..
Long time sillycon valet parking lot resident
So much for all of those suggesting that Apple would die without Jobs
Oh no! Apple’s Doooooooooooooooooooooooooomed! ;’) Thanks sm.
more about it:
Apple Splits Stock 7-For-1, Will Splash $130B In Cash On Investors
$81 a post-split share then, much more reasonable.
Steve Ballmer was one of those. What others have written: In 2007 Ballmer said “There’s no chance that the iPhone is going to get any significant market share. No chance.” In a May 2012 column in Forbes magazine, Adam Hartung described Ballmer as “the worst CEO of a large publicly traded American company”, saying he had “steered Microsoft out of some of the fastest growing and most lucrative tech markets (mobile music, handsets and tablets)”. Some companies like Microsoft have a CEO that causes the company to flounder. Apple seems to be doing fine with or without Jobs.
Apple will now pay out around $11 billion in yearly dividend payments.
The companys dividend will also now rise yearly.
If they come up with just marginal improved product the stock will not go up much after that stock split. The iPhone is what made the stock go up and up. I may buy as I could use double the money. I figure it will do that at least.
It would be nice if it went back up to $700 a share... a new car, house, maybe a new wife...
Thank you. I’m overly reliant on my new Thomson Reuters Eikon.
iPods are now but a small percentage of Apple’s total revenue.
Invest in Microsoft. Their new iWindows 9 is coming soon.
$3.29 a share, or 3.29 / 7 after the split.
I thought that new dividend per share will be one seventh of $13.16 (or $1.88 per new share).
Well, tread carefully. Stocks bought for the short term is a gamble. I was lucky enough to have bought in the teens and mid-twenties, before Apple split and grew tremendously. I cashed out before the recent drops. If you buy now, buy for the long term. A couple years ago I overheard two old gents talking about investing what they had, into Apple stock. It was at a high, in the 600s. Sadly, all one guy had was $6000 in savings so he figured on buying ten shares. Shortly after, the stock dropped a lot. All his eggs in one basket.
When I invest, it's not about trying to make a killing to get a car, house or other things. It's a place to park my money to keep pace with inflation, and it's done well in that regard. Play safe!
I love my iPhone. I also like MS Excel. I build solutions with Excel and VBA that save companies hundreds of thousands of dollars.
Use the best of the best.
Me too. Love my iPhone and iPad and build highly functional business apps using VBA with MS Access. You should give Access a look. Way more flexible than Excel but also able to export to your favorite spreadsheet via code or a couple of mouse clicks.
That won't stop the anti-Apple anat-lysts from finding the dark cloud in the silver lining. . .
I can see the headlines now! Apple stock plummets to $81 per share in bloodbath following split! Theyll ignore that the fact that the split one share which was worth only around $530 is now SEVEN SHARES trading at around $81 or so EACH with a combined net value of $560. . . because more small investors can demand to buy shares and drive the price up from there!
Now you have to be thinking $100 a share. That's the equivalent. $100 times 7 = $700 pre split
The profit per share was $11.62 this past quarter, but the dividend per share that the Board of Directors decides to declare will be somewhat less than that. Some will be retained by the company for future use, adding to the pot of money for acquisitions, R&D, etc, some will be used for debt retirement, and more will be used for stock buy backs, another form of equity return.
And that is for one quarter....
Depends on how you look at it. . . every iPhone and iPad IS an iPod. They've superseded the need for a separate function devices such as an iPod, still camera, video recorder, etc.
I am vindicated!!!!
LOL! Not exactly the way YOU predicted, is it? Nor for the reason you claimed. . .
I wish Apple was not going to split. It is more mentally convenient the way it is is now. For comparing Google, Apple, Amazon, Samsung Netflix etc etc
Comparing the relative values of companies by comparing their stock prices is dumb, Dennis. That is demonstrated by this current seven for one split that Apple is doing to make its stock more attractive for small investors. It has zero effect on the company. It has a huge positive effect on current investors as demand from small investors will tend to drive the price up.
Getting back to my original point, Apple has split three times before this split. . . and therefore had the stock NOT split, the price of Apple stock would be around $530 x 2 x 2 x 2 or = $4240 a share, or there abouts! Compare that to the companies you mentioned prices per share. . . Only THEN will you have a real base of understanding relative value.
So why didn't apple split 2-3-4 years ago to bring in small investors.
A stock split does very little for the company. . . unless they intend to issue more stock and need to expand the potential market to sell the new issue. Apple is not planning to do that. Steve Jobs did not particularly care what the price of the stock was doing.
Apple the company gets NO benefit from the trades of the stocks in circulation and in fact the more outstanding stocks there are, the higher the costs to service the stockholders are, by a small increment per stockholder. Each share on the books is an equity position (read liability) requiring communications, attention, and payment of dividends.
There is also turmoil in the market associated with splits. . . and a lot of financial, regulatory, and bookkeeping costs to the company. You will see that in the weeks to come.
If I by Apple stock now would I get the stock split?
There will be a date certain that will be announced. Holders of the stock on that date will get seven shares. I expect the price to go up before that.
Apple has to make certain preparations before they do it. If you are going to buy, I think you should buy ASAP. I am not an advisor, and you need to make your own decision. The nice thing will be after the split it will be easy to buy Apple a share or two at a time.
Carl Icann said in a CNN interview that he view AAPL as a long term investment.
I plan to use my accumlated divideds to buy more shares after the split takes effect. At $80-100 a share and with some long awaited new product, the stock might return to its current price.
I think that was a joke - if post-split, the stock goes back to $700, that's a 7x or 8x increase, hence the whole "new life" comments.