Apple Q1 2014 Numbers: $158.8 Billion in Cash, 65 Billion Apps Downloaded, and 420 Total Retail Stores

Discussion in 'iOS Blog Discussion' started by MacRumors, Jan 27, 2014.

  1. macrumors bot

    MacRumors

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    During its financial results conference call covering the 2013 holiday quarter, Apple shared new details on sales at its iTunes Store and Apple Retail segments, in addition to details about how much money the company is paying out to its developer partners on the App Store.

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    Last quarter, Apple's customers spent $4.7 billion on iTunes, with $2 billion being paid to developers. The company has paid a total of $15 billion to developers, with half of that coming in 2013. Customers have downloaded a total of 65 billion apps total -- an increase of 15 billion from May 2013.

    Apple reported $7 billion in revenue generated from its Apple Retail segment, up 9 percent from a year ago. The stores reported record iPhone and iPad sales, with very strong Mac sales. The company remodeled six stores while opening four new ones. At the end of the quarter, Apple had 420 total stores with 166 of those outside the U.S. The company reported 21,000 visitors per store per week and an average revenue per store of $16.7 million.

    Apple ended the quarter with $158.8 billion in cash, up $12 billion from the prior quarter. However, of that total, only $34.4 billion was held in the United States, down $1.1 billion. 78 percent of its cash, $124.4 billion, was offshore and Apple can't use it to make dividend or share repurchase payments without paying a significant amount of U.S. corporate tax.

    Overall, Apple shared via its financial results report that it 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.

    Article Link: Apple Q1 2014 Numbers: $158.8 Billion in Cash, 65 Billion Apps Downloaded, and 420 Total Retail Stores
     
  2. macrumors 6502

    RoelJuun

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    #2
    Those iTunes services are big…Didn't know it is that big, I bet it is their main power in the mobile world.
     
  3. macrumors 68000

    BC2009

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    #3
    I get the feeling AAPL could have beat on everything, gave awesome guidance for next quarter and indicated that Jony Ive had the stomach flu today and the stock would have dropped $45 in after-hours trading.
     
  4. macrumors 6502a

    Nicky G

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  5. macrumors 6502

    scbn

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    Jul 25, 2010
    #5
    $4.7b iTunes sales is a huge number and it keeps growing rapidly every year - even if Apple has little growths in its hardware sales in the future, the service and software will be a major stream of revenues for them.
     
  6. macrumors 68000

    Cuban Missles

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    My heart is in Camagüey, the rest in the USA
    #6
    At $158b in cash, I think that Apple could literally buy a small country. Maybe one of those Caribbean islands or something. Maybe Tim is just saving to buy one of the American states. :p:D
     
  7. macrumors 65816

    iZac

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    Shanghai
    #7
    I love that they noted that 'only' $34.4 billion of their cash reserves are in the US, and the prohibitive cost of repatriating it from other countries because of the extensive tax issue.

    It's like they just slapped congress and Carl Icahn in the face with the same statement.
     

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