Fiscal Q2 for Apple: $10.2B in Profit on Sales of 43.7M iPhones, 16.3M iPads

[RaduTyrsina]

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Apple is amazing company and never ceases to impress with its incredible sales numbers. At the conference call from yesterday, Apple managed to beat analysts’ estimates once again, registering a quarterly net profit of $10.2B, posting $45.6 billion in revenue. Translated into sales of devices, this means 43.7 million iPhones, 16.3 million iPads, 4.1 million Macs and 2.7 million iPods. Apple also managed to increase gross margins to 39.3 percent from 37.5 percent in the year-ago quarter. Tim Cook, Apple’s CEO, said the following, hinting once more that we could see the iWatch get launched.

We’re very proud of our quarterly results, especially our strong iPhone sales and record revenue from services. We’re eagerly looking forward to introducing more new products and services that only Apple could bring to market.

Apple Chief Financial Officer Peter Oppenheimer, who is to retire in the near time, also shared some more details

We generated $13.5 billion in cash flow from operations and returned almost $21 billion in cash to shareholders through dividends and share repurchases during the March quarter. That brings cumulative payments under our capital return program to $66 billion.

Compared to financial numbers in the same period a year ago, we see an increased revenue of $45.6 billion compared to $43.6 billion, and increased profit of $10.2 billion compared to $9.5 billion. However, for fiscal 2014 third quarter, Apple has guided revenue to be between $36 billion and $38 billion with operating expenses between $4.4 billion and $4.5 billion. Probably many are keeping money in their pockets and waiting the next iPhone, iPad or maybe the iWatch.


Source: iPhoneForums

 

[s2mikey]

Great, but I do wish there a few more jobs here in the USA related to making this stuff. That's a large enough dollar number to feed a few more mouths and not cut anyone short. But, it is what it is I suppose.