Printed from http://www.electronista.com

Apple reaps $37.43 billion in third-quarter revenues

updated 04:43 pm EDT, Tue July 22, 2014

iPhone and Mac units rise, iPad takes a hit

Apple revenues rose 6 percent year-over-year to $37.43 billion in its third fiscal quarter, which ended in June, the company has announced. Profits were up 12.3 percent to $7.75 billion, while earnings per share climbed from $1.07 to $1.28 when adjusted for the recent 7-to-1 stock split. Gross margin increased from 36.9 percent to 39.4 percent.

iPhone sales rose 12.7 percent to 35.2 million units, ending up just slightly below analyst projections for the quarter. iPad sales were more disappointing, declining 9.2 percent to 13.28 million units. Mac sales made for a more positive turn, growing 17.6 percent to 4.4 million.

For the September quarter, Apple is guiding revenues between $37-40 billion, and a gross margin of 37-38 percent. Although the margin forecast is in line with analyst expectations, revenue is below a consensus figure of $40.44 billion.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

  1. chucker

    Fresh-Faced Recruit

    Joined: 03-29-07

    jeez, got to love a comapany that maintains that 37% gross margin

  1. OldMacGeek

    Fresh-Faced Recruit

    Joined: 08-04-10

    Nope. They're doomed, beleaguered, kaput. They actually had a drop in iPad sales, showing that the company is yet again on a downward spiral o' death.

Login Here

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

toggle

Network Headlines

toggle

Most Popular

Advertisement

Recent Reviews

Neurio Intelligent Home Monitor

The recently released Neurio Intelligent Home Monitor is a piece of hardware that, when integrated into a home's breaker box, monitors ...

Apple 13-inch MacBook Pro (Early 2015)

Although the new darling of the Apple MacBook line up is the all-new MacBook, Apple has given its popular 13-inch MacBook Pro with Ret ...

Seagate Wireless

It seems like no matter how much internal storage is included today's mobile devices, we, as users, will always find a way to fill the ...

Advertisement

toggle

Most Commented

 
toggle

Popular News