Printed from http://www.electronista.com

Apple touts $45.6 billion in Q2 2014 revenues

updated 04:31 pm EDT, Wed April 23, 2014

Records 43.7 million iPhones, 16.3 million iPads

Apple has posted $45.6 billion in revenues in its second fiscal quarter, up from $43.6 billion the same period a year ago. Net profits rose from $9.5 billion to $10.2 billion, or from $10.09 per share to $11.62. The company sold 43.7 million iPhones, an increase from the 37.4 million in Q2 2013. iPad sales came in at 16.3 million units, below a Wall Street consensus forecast of 19.7 million. The company also recorded 4.1 million Macs.

As a part of the news, Apple has revealed plans to hike its quarterly dividend 8 percent to $3.29, and boost its capital return plan to over $130 billion, including $90 billion in stock buybacks, and a seven-for-one stock split in June. To finance these efforts the company will have to go into debt.

Apple notes that international sales accounted for 66 percent of revenue. The company managed to grow profits mainly because of a higher gross margin, which increased from 37.5 percent to 39.3 percent.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

  1. slapppy

    Fresh-Faced Recruit

    Joined: 03-23-08

    Another ANALyst gets burned, all the iHating South Korean loving Anti Americans are burned again. Every freaking quarter. Yet WS loves to listen to them and punish Apple time and time again. Geeeee I wonder why?

  1. Flying Meat

    Dedicated MacNNer

    Joined: 01-25-07

    Sheesh. That's a lot of name calling there, for a first sentence. The notion that WS is punishing them might not actually be the end game, and I doubt Apple is shocked regardless (given the clockwork like timing of things).
    More likely it is just stock flinging to maximize trader profit potential. It does almost nothing for stability and growth overall.

  1. pottymouth

    Forum Regular

    Joined: 11-19-03

    I almost skipped that second paragraph. That's the real news!

  1. drbenru

    Fresh-Faced Recruit

    Joined: 01-20-07

    Holy shit! They're cashing out in June and doing a 7-1 split. WTF are they going to announce after June that they are putting all their cash into their own stock and then some 😵

  1. Hillbilly Geek

    Fresh-Faced Recruit

    Joined: 08-22-06

    You know... a retroactive 'buy 6 get one free' sale would be a nice way to celebrate their success, nu?

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

DoxieGo Portable Scanner

Sometimes, people need to scan things, but having a computer at hand to do so isn't exactly feasible. Maybe it's the home of a relativ ...

Dell AD211 Bluetooth speaker

For all of the high-priced, over-engineered Bluetooth speakers in the electronics market, there is still room for mass-market solution ...

VisionTek 128GB USB Pocket SSD

USB flash drives dealt the death blow to both the floppy and Zip drives. While still faster than either of the old removable media, sp ...

Sponsor

toggle

Most Commented

 
toggle

Popular News