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.