Menu
IPhone sales drive strong Apple earnings

IPhone sales drive strong Apple earnings

Apple's iPad shipments decline, but revenue and profit increase

Apple's financial results for the past five quarters

Apple's financial results for the past five quarters

Apple's iPad shipments declined, but iPhone sales were strong as the company reported a hike in profit and revenue during the second quarter of 2014.

Apple's net profit was $US10.2 billion for the second fiscal quarter of 2014, up from $US9.5 billion in the same quarter one year ago, the company said on.

Revenue was $US45.6 billion during the quarter ending on March 29, increasing from $US43.6 billion in the same quarter last year. Analysts polled by Thomson Reuters had been expecting revenue of $US43.5 billion. International sales totalled 66 per cent of the revenue, Apple said.

IPhone shipments total ed 43.7 million units, increasing from 37.4 million units in last year's second quarter. IPad shipments total ed 16.35 million, falling from 19.48 million units. Mac shipments increased to 4.13 million units during the quarter from 3.95 million units a year ago.

"We're very proud of our quarterly results, especially our strong iPhone sales and record revenue from services," Apple CEO Tim Cook said in a statement.

The company is looking forward to introducing "products and services that only Apple could bring to market," Cook said. Major product announcements are expected in early June at Apple's Worldwide Developer Conference in San Francisco.

Apple had a relatively quiet fiscal second quarter, with the most important announcement being incremental updates to the 9.7-inch iPad with Retina display, and its price drop to $US399. Apple had trouble keeping up with demand for the Mac Pro during the quarter, and the product page shows ship times with three- to five-week delays.

Apple is projecting revenue of between $US36 billion and $US38 billion for the third quarter.

Agam Shah covers PCs, tablets, servers, chips and semiconductors for IDG News Service. Follow Agam on Twitter at @agamsh. Agam's e-mail address is agam_shah@idg.com

Subscribe here for up-to-date channel news

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags business issuesApplefinancial results

Featured

Slideshows

StorageCraft celebrates high achievers at its inaugural A/NZ Partner Awards

StorageCraft celebrates high achievers at its inaugural A/NZ Partner Awards

Revealed at a glitzy bash in Sydney at the Ivy Penthouse, the first StorageCraft Partner Awards locally saw the vendor honour its top-performing partners with ASI Solutions, SMBiT Pro, Webroot, ACA Pacific and Soft Solutions New Zealand taking home the top awards. Photos by Maria Stefina.

StorageCraft celebrates high achievers at its inaugural A/NZ Partner Awards
Kiwi resellers make a splash on Synnex and Lenovo RotoVegas road trip

Kiwi resellers make a splash on Synnex and Lenovo RotoVegas road trip

​Synnex and Lenovo hosted 18 resellers for an action-packed weekend adventure in RotoVegas, taking in white water rafting on the Kaituna River, as well as quad biking and dinner at Stratosfare​, overlooking Lake Rotorua at the top of Mount Ngongotaha​. Photos by Synnex.

Kiwi resellers make a splash on Synnex and Lenovo RotoVegas road trip
Show Comments