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Apple smashes Street with revenue of $45.65 billion in Q214
MacDailyNews ^ | Wednesday, April 23, 2014 4:33 pm

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 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


TOPICS: Business/Economy; Computers/Internet
KEYWORDS: apple; ios; iphone; macintosh; macos
Apple's Board of Directors also aaa ounces increasing Dividend to 8% AND a SEVEN for ONE stock split!
1 posted on 04/23/2014 2:16:12 PM PDT by Swordmaker
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To: Swordmaker

I wonder how PSS is.


2 posted on 04/23/2014 2:18:36 PM PDT by BunnySlippers (I LOVE BULL MARKETS . . .)
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To: ~Kim4VRWC's~; 1234; Abundy; Action-America; acoulterfan; AFreeBird; Airwinger; Aliska; altair; ...
Apple Bears Street on Quarterlies AND announces SEVEN FOR ONE Stock split! —PING!


Apple STOCK SPLIT Ping!

If you want on or off the Mac Ping List, Freepmail me.

3 posted on 04/23/2014 2:20:12 PM PDT by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users continue...)
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To: BunnySlippers
I wonder how PSS is.

I'd say he might be PSSed

4 posted on 04/23/2014 2:21:43 PM PDT by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users continue...)
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To: BunnySlippers

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.


5 posted on 04/23/2014 2:27:27 PM PDT by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users continue...)
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To: dennisw

Oops, meant to ping Dessniw to that last post.


6 posted on 04/23/2014 2:28:23 PM PDT by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users continue...)
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To: Swordmaker

I’m not at work. Anyone know how it’s doing in the after market?


7 posted on 04/23/2014 2:29:24 PM PDT by BunnySlippers (I LOVE BULL MARKETS . . .)
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To: BunnySlippers

http://www.nasdaq.com/symbol/aapl/after-hours
Apple Inc. (AAPL) After Hours Trading

$568.50

*

Up 43.75

8.34%
Get AAPL Alerts

*Delayed - data as of 04/23/2014 17:22

Read more: http://www.nasdaq.com/symbol/aapl/after-hours#ixzz2zkP5xhZT


8 posted on 04/23/2014 2:31:31 PM PDT by COUNTrecount (There's no there there.)
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To: Swordmaker

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.


9 posted on 04/23/2014 2:34:23 PM PDT by First_Salute (May God save our democratic-republican government, from a government by judiciary.)
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To: Swordmaker
iTunes/Software/Services: $4.573 billion revenue

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.

10 posted on 04/23/2014 2:36:14 PM PDT by roadcat
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To: Swordmaker

Windows 8 is the gift that keeps on giving - to Apple.


11 posted on 04/23/2014 2:36:35 PM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: Swordmaker
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.

12 posted on 04/23/2014 2:41:30 PM PDT by FatherofFive (Islam is evil and must be eradicated)
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To: Swordmaker

They’re evil, profit! Oh my goodness,, what next? Employee Bonuses?


13 posted on 04/23/2014 2:42:04 PM PDT by NormsRevenge (Semper Fi - Revolution is a'brewin!!!)
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To: FatherofFive

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


14 posted on 04/23/2014 2:44:27 PM PDT by NormsRevenge (Semper Fi - Revolution is a'brewin!!!)
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To: Swordmaker

So much for all of those suggesting that Apple would die without Jobs


15 posted on 04/23/2014 2:52:18 PM PDT by Nifster
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To: Swordmaker

Oh no! Apple’s Doooooooooooooooooooooooooomed! ;’) Thanks sm.


16 posted on 04/23/2014 2:58:51 PM PDT by SunkenCiv (https://secure.freerepublic.com/donate/)
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To: Swordmaker

more about it:

Apple Splits Stock 7-For-1, Will Splash $130B In Cash On Investors
http://www.forbes.com/sites/steveschaefer/2014/04/23/apple-splits-stock-7-for-1-will-splash-130b-in-cash-on-investors/


17 posted on 04/23/2014 3:03:06 PM PDT by SunkenCiv (https://secure.freerepublic.com/donate/)
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To: COUNTrecount

$81 a post-split share then, much more reasonable.


18 posted on 04/23/2014 3:04:44 PM PDT by SunkenCiv (https://secure.freerepublic.com/donate/)
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To: Nifster

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.


19 posted on 04/23/2014 3:07:32 PM PDT by roadcat
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To: roadcat

We’ll said


20 posted on 04/23/2014 3:15:24 PM PDT by Nifster
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To: SunkenCiv

Apple will now pay out around $11 billion in yearly dividend payments.

The company’s dividend will also now rise yearly.


21 posted on 04/23/2014 3:15:46 PM PDT by COUNTrecount (There's no there there.)
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To: SunkenCiv

And...

http://www.tuaw.com/2014/04/23/apple-announces-7-1-stock-split-dividend-increase-and-expanded/


22 posted on 04/23/2014 3:19:41 PM PDT by HangnJudge
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To: roadcat

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...


23 posted on 04/23/2014 3:20:49 PM PDT by minnesota_bound
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To: COUNTrecount

Thank you. I’m overly reliant on my new Thomson Reuters Eikon.


24 posted on 04/23/2014 3:25:19 PM PDT by BunnySlippers (I LOVE BULL MARKETS . . .)
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To: Swordmaker

iPods are now but a small percentage of Apple’s total revenue.


25 posted on 04/23/2014 3:26:11 PM PDT by SamAdams76
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To: minnesota_bound

Invest in Microsoft. Their new iWindows 9 is coming soon.


26 posted on 04/23/2014 3:26:27 PM PDT by minnesota_bound
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To: COUNTrecount

$3.29 a share, or 3.29 / 7 after the split.


27 posted on 04/23/2014 3:26:43 PM PDT by SunkenCiv (https://secure.freerepublic.com/donate/)
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To: SunkenCiv

I thought that new dividend per share will be one seventh of $13.16 (or $1.88 per new share).


28 posted on 04/23/2014 3:43:14 PM PDT by COUNTrecount (There's no there there.)
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To: minnesota_bound
It would be nice if it went back up to $700 a share... a new car, house, maybe a new wife…

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!

29 posted on 04/23/2014 4:25:19 PM PDT by roadcat
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To: FatherofFive

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.


30 posted on 04/23/2014 4:28:39 PM PDT by InterceptPoint
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To: SunkenCiv
$81 a post-split share then, much more reasonable.

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!” They’ll 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!

31 posted on 04/23/2014 4:31:56 PM PDT by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users continue...)
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To: minnesota_bound
It would be nice if it went back up to $700 a share... a new car, house, maybe a new wife...

Now you have to be thinking $100 a share. That's the equivalent. $100 times 7 = $700 pre split

32 posted on 04/23/2014 4:38:53 PM PDT by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users continue...)
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To: COUNTrecount
I thought that new dividend per share will be one seventh of $13.16 (or $1.88 per new share).

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.

33 posted on 04/23/2014 4:47:43 PM PDT by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users continue...)
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To: roadcat

And that is for one quarter....


34 posted on 04/23/2014 4:48:34 PM PDT by Wyatt's Torch
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To: SamAdams76
iPods are now but a small percentage of Apple’s total revenue.

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.

35 posted on 04/23/2014 4:56:01 PM PDT by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users continue...)
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To: Swordmaker

I am vindicated!!!!


36 posted on 04/23/2014 5:18:03 PM PDT by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
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To: dennisw
I am vindicated!!!!

LOL! Not exactly the way YOU predicted, is it? Nor for the reason you claimed. . .

37 posted on 04/23/2014 5:21:26 PM PDT by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users continue...)
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To: Swordmaker
When the stock splits it’ll be below $100 a share.

Maybe not.

38 posted on 04/23/2014 5:31:45 PM PDT by Defiant (Let the Tea Party win, and we will declare peace on the American people and go home.)
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To: Swordmaker

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


39 posted on 04/23/2014 5:32:22 PM PDT by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
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To: dennisw
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.

40 posted on 04/23/2014 5:55:01 PM PDT by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users continue...)
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To: Swordmaker
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.

So why didn't apple split 2-3-4 years ago to bring in small investors.

41 posted on 04/23/2014 7:04:59 PM PDT by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
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To: dennisw
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.

42 posted on 04/23/2014 7:27:31 PM PDT by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users continue...)
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To: Swordmaker

If I by Apple stock now would I get the stock split?


43 posted on 04/23/2014 9:00:43 PM PDT by minnesota_bound
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To: minnesota_bound
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.

44 posted on 04/23/2014 10:12:15 PM PDT by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users continue...)
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To: Swordmaker

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.


45 posted on 04/24/2014 5:32:02 AM PDT by PIF (They came for me and mine ... now it is your turn ...)
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To: Swordmaker
Now you have to be thinking $100 a share. That's the equivalent. $100 times 7 = $700 pre split

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.

46 posted on 04/24/2014 12:35:54 PM PDT by kevkrom (I'm not an unreasonable man... well, actually, I am. But hear me out anyway.)
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To: kevkrom
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.

Could be...

47 posted on 04/24/2014 1:55:24 PM PDT by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users continue...)
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