|Jan 27, 2014, 03:34 PM||#1|
Apple Reports Strongest Ever Quarterly Earnings: $13.1 Billion Profit on $57.6 Billion in Revenue in Q1 2014
Apple today announced financial results for the fourth calendar quarter of 2013 and first fiscal quarter of 2014.
For the quarter, Apple posted revenue of $57.6 billion and net quarterly profit of $13.1 billion, or $14.50 per diluted share, compared to revenue of $54.5 billion and net quarterly profit of $13.1 billion, or $13.87 per diluted share in the year-ago quarter.
Gross margin was 37.9 percent compared to 38.6 percent in the year-ago quarter, with international sales accounting for 63 percent of revenue. Apple also declared a dividend payment of $3.05 per share, payable on February 13 to shareholders as of the close of trading on February 10. The company currently holds $158.8 billion in cash and marketable securities.
Apple had previously issued guidance for the quarter of revenues between $55-58 billion, with gross margin between 36.5 and 37.5 percent.
Apple sold a record 51 million iPhones in the quarter, up from 47.8 million in the same time period last year, and the company has now sold 472.3 million smartphones in total. It sold 26 million iPads, a new record, up from 22.86 million last year. Apple has now sold 195 million tablets. It sold 4.8 million Macs during the quarter, compared to 4.06 million in the year-ago period.
Apple will provide live streaming of its Q1 2014 financial results conference call at 2:00 PM Pacific, and MacRumors will update this story with coverage of the conference call highlights.
Conference Call and Q&A Highlights are available in reverse chronological order after the jump.
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Article Link: Apple Reports Strongest Ever Quarterly Earnings: $13.1 Billion Profit on $57.6 Billion in Revenue in Q1 2014
|Jan 27, 2014, 03:34 PM||#2|
Apple is doomed
Seriously they're really hitting on all cylinders and this is good news to the investors and us customers.
I just hope they take these profits to increase their innovation, the so called iWatch and TV are nowhere to be seen and we've not seen any major changes to the iDevices.
Looks like the folks who follow this more accurately detail a less then rosy picture, due to lack of growth.
Last edited by maflynn; Jan 27, 2014 at 03:39 PM.
|Jan 27, 2014, 03:35 PM||#4|
|Jan 27, 2014, 03:36 PM||#11|
5 years ago they never discounted the iphone. now the latest model is always on sale
|Jan 27, 2014, 03:36 PM||#12|
Hopefully they can back on track with the iPhone 6
|Jan 27, 2014, 03:37 PM||#19|
"Strongest ever quarterly earnings" according to whom? Their margins are down from last year, thus the 6% after hours slide.
Again, it's just a stupid betting game. Long investors lose money despite insane profits.
2008 MacPro 8-core, 2.8 GHz, 32 GB RAM, 250 GB SSD
2011 Macbook Air 1.2 GHz i5
2012 Macbook Pro Retina 2.3 GHz i7
iPad 4th Gen Retina, iFone 5S
|Jan 27, 2014, 03:38 PM||#21|
|Jan 27, 2014, 03:38 PM||#23|
|Jan 27, 2014, 03:38 PM||#24|
This is the fourth-highest quarterly earnings (profit) by any company (any country).
Of the six highest earnings ever, Apple now owns positions 4, 5, and 6. The top three are all oil companies. Of the top 20, Apple is the only non-oil company.
1. Gazprom (Russian oil), $16.24B USD, August 2011
2. Royal Dutch Shell (Netherlands/UK oil), $15.68B USD, June 2008
3. Exxon (US oil), $14.8B USD, September 2008
4. Apple, $13.1B USD, January 2014
5. Apple, $13.08B USD, January 2013
6. Apple, $13.06B USD, January 2012
Owning an Android phone makes a statement, and that statement is: "Yeah, this is where I am in life. It's not where I want to be, but I'm doing my best."
Last edited by macrumorsuser10; Jan 27, 2014 at 03:57 PM.
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