• Apple: $7.7B Profit on Strong iPhones Sales



    Moments ago Apple reported $7.7 billion in profits for its third fiscal quarter of 2014.

    For the quarter ending June 28, 2014, Apple posted quarterly revenue of $37.4 billion ($1.28 a share, vs. expected EPS of $1.23).

    "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," Apple said in today's announcement.

    In terms of product popularity, here's how Apple products performed (by shipments) last quarter: 35.2 million iPhones; 13.2 million iPads; 4.4 million Macs; and 2.9 million iPods.

    Although the iPad shipments were weak according to some analysts (and down for the second consecutive quarter), Apple still raked in enormous gobs of cash again during the three month period for which earnings were reported.

    “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 Apple CEO Tim Cook. “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.”

    Shares of AAPL were down slightly in after hours trading Tuesday.

    Source: Apple
    This article was originally published in forum thread: Apple: $7.7B Profit on Strong iPhones Sales started by Michael Essany View original post
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