Apple Announces Third Quarter Results: $37.4 Billion in Revenue, $7.7 Billion in Net Profit

Apple Announces Third Quarter Results: $37.4 Billion in Revenue, $7.7 Billion in Net Profit

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Apple today 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 board of directors has declared a cash dividend of $.47 per share of the Company’s common stock. The dividend is payable on August 14, 2014, to shareholders of record as of the close of business on August 11, 2014.

“Our record June quarter revenue was fueled by strong sales of iPhone and Mac and the continued growth of revenue from the Apple ecosystem, driving our highest EPS growth rate in seven quarters,” said Tim Cook, Apple’s CEO. “We are incredibly excited about the upcoming releases of iOS 8 and OS X Yosemite, as well as other new products and services that we can’t wait to introduce.”

“We generated $10.3 billion in cash flow from operations and returned over $8 billion in cash to shareholders through dividends and share repurchases during the June quarter,” said Luca Maestri, Apple’s CFO. “We have now taken action on over $74 billion of our $130 billion capital return program with six quarters remaining to its completion.”

Apple is providing the following guidance for its fiscal 2014 fourth quarter:
● revenue between $37 billion and $40 billion
● gross margin between 37 percent and 38 percent
● operating expenses between $4.75 billion and $4.85 billion
● other income/(expense) of $250 million
● tax rate of 26.1 percent

Apple will provide live streaming of its Q3 2014 financial results conference call beginning at 2:00 p.m. PDT on July 22, 2014 at www.apple.com/quicktime/qtv/earningsq314. This webcast will also be available for replay for approximately two weeks thereafter.


Apple Announces Third Quarter Results: $37.4 Billion in Revenue, $7.7 Billion in Net Profit
Queen Barack Hussein Obama - July 23, 2014 at 1:21pm
Time to redistribute all those money Apple! Let's start by sending more millions to Hamas shall we?! So they can dig more tunnels across the border and send more suicide bombers and kidnap innocent kids! I just love my minions!!!! Hahahaha
The almighty chuck Norris - July 23, 2014 at 3:00pm
How about redistribute for a better president that treats Americans like innocents they are like he's not gru, and by that I mean you! What's next, Michelle will play along and be Lucy Wilde?
Queen Barack Hussein Obama - July 23, 2014 at 1:16pm
Now time to redistribute all those wealth my minion! Hahahaha
The almighty chuck Norris - July 23, 2014 at 1:19pm
How about you do your job instead of treating yourself like a greedy pig you wannabe king! Lmfao
Queen Barack Hussein Obama - July 23, 2014 at 1:22pm
That was hurtful! I'm King Obutthole errrmmm sorry King obama remember?! LOL!
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