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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
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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?

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