Apple just announced financial results for its fiscal 2014 third quarter ended June 28, 2014. The Company posted quarterly revenue of $37.4 billion and quarterly net profit of $7.7 billion, or $1.28 per diluted share. These results compare to revenue of $35.3 billion and net profit of $6.9 billion, or $1.07 per diluted share, in the year-ago quarter. Gross margin was 39.4 percent compared to 36.9 percent in the year-ago quarter. International sales accounted for 59 percent of the quarter's revenue. Apple's CEO stated that Apple's record June quarter revenue was fueled by strong sales of iPhone and Mac sales and the continued growth of revenue from the Apple ecosystem."
(Click image below to Enlarge)
Apple's iPhone shipments in the June quarter were 35.2 million units. Apple's iPad shipments were 13.3 million vs 14 million that were expected. Not bad for a sluggish tablet environment. Apple also sold 4.4 million Macs which was higher than the expected 3.9 million units. All in all it was a solid in-line quarter with Wall Street taking it in stride. After hours reaction trading thus far has been tame at only -0.68%.
(Click image below to Enlarge)
If interesting information surfaces during the live Conference Call, we'll post a second report.
About Making Comments on our Site: Patently Apple reserves the right to post, dismiss or edit any comments. Comments are reviewed daily from 4am to 7pm PST and sporadically over the weekend.
Comments