Apple Reports All-Time Quarterly Record iPhone and iPad Sales
Cupertino-based company Apple recently made public its financial results for Q1 2014. As expected, the company did quite well. Apple reported record revenue for the quarter that ended December 28, 2013, an all-time quarterly record of iPhone sales, and an all-time quarterly record of iPad sales.
“We are really happy with our record iPhone and iPad sales, the strong performance of our Mac products and the continued growth of iTunes, Software and Services,” said Tim Cook, Apple’s CEO. "We love having the most satisfied, loyal and engaged customers, and are continuing to invest heavily in our future to make their experiences with our products and services even better."
The financial results from Apple’s Q1 2014, the quarter that ended December 28, 2013, have been released to the public. As we’ve come to expect from the Cupertino-based company, the results are spectacular.
For Q1 2014, Apple reported the following:
“We generated $22.7 billion in cash flow from operations and returned an additional $7.7 billion in cash to shareholders through dividends and share repurchases during the December quarter, bringing cumulative payments under our capital return program to over $43 billion,” said Peter Oppenheimer, Apple’s CFO.
In related news, Apple’s rival Microsoft made public the financial results for its second quarter, the quarter that ended December 31, 2013. Microsoft reported $16.24 billion gross margin, $7.97 billion operating income, $6.56 billion net income, and $0.78 per diluted share. Revenue from Surface sales grew from $400 million in the first quarter to $893 million in the second quarter.
“We delivered record revenue as demand for our business offerings remains high and we made strong progress in our Devices and Consumer segment,” said Amy Hood, chief financial officer at Microsoft. “These results reflect our focus on execution, cost discipline, and long-term shareholder value as we continue to drive the strategic transformation of the company.”
“We are really happy with our record iPhone and iPad sales, the strong performance of our Mac products and the continued growth of iTunes, Software and Services,” said Tim Cook, Apple’s CEO. "We love having the most satisfied, loyal and engaged customers, and are continuing to invest heavily in our future to make their experiences with our products and services even better."
The financial results from Apple’s Q1 2014, the quarter that ended December 28, 2013, have been released to the public. As we’ve come to expect from the Cupertino-based company, the results are spectacular.
For Q1 2014, Apple reported the following:
- Record quarterly revenue of $57.6 billion ($54.5 billion in the year-ago quarter)
- Quarterly net profit of $13.1 billion or $14.50 per diluted share ($13.1 billion and $13.81 per diluted share, in the year-ago quarter).
- All-time quarterly record sales of 51 million iPhones (47.8 million in the year-ago quarter).
- All-time quarterly record sales of 26 million iPads (22.9 million in the year-ago quarter).
- 4.8 million Macs were sold (4.1 million in the year-ago quarter.)
- Cash dividend of $3.05 per share of the Company’s common stock declared by Apple’s Board of Directors.
“We generated $22.7 billion in cash flow from operations and returned an additional $7.7 billion in cash to shareholders through dividends and share repurchases during the December quarter, bringing cumulative payments under our capital return program to over $43 billion,” said Peter Oppenheimer, Apple’s CFO.
In related news, Apple’s rival Microsoft made public the financial results for its second quarter, the quarter that ended December 31, 2013. Microsoft reported $16.24 billion gross margin, $7.97 billion operating income, $6.56 billion net income, and $0.78 per diluted share. Revenue from Surface sales grew from $400 million in the first quarter to $893 million in the second quarter.
“We delivered record revenue as demand for our business offerings remains high and we made strong progress in our Devices and Consumer segment,” said Amy Hood, chief financial officer at Microsoft. “These results reflect our focus on execution, cost discipline, and long-term shareholder value as we continue to drive the strategic transformation of the company.”
