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?
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*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.
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