Apple smashes Street with revenue of $45.65 billion in Q214

MacDailyNews ^ | Wednesday, April 23, 2014 · 4:33 pm

[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

[Swordmaker]

Apple's Board of Directors also aaa ounces increasing Dividend to 8% AND a SEVEN for ONE stock split!

[BunnySlippers]

I wonder how PSS is.

[Swordmaker]

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.

[Swordmaker]

I wonder how PSS is.

I'd say he might be PSSed

[Swordmaker]

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.

[Swordmaker]

Oops, meant to ping Dessniw to that last post.

[BunnySlippers]

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

[COUNTrecount]

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

[First_Salute]

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.

[roadcat]

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.

[catnipman]

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

[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.

[NormsRevenge]

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

[NormsRevenge]

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

[Nifster]

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

[SunkenCiv]

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

[SunkenCiv]

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/

[SunkenCiv]

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

[roadcat]

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.

[Nifster]

We’ll said