Menu
Apple sold 51 million iPhones last quarter, posted $57.6 billion in revenue

Apple sold 51 million iPhones last quarter, posted $57.6 billion in revenue

Apple set records in both iPhone sales and quarterly revenue

Apple set two records for itself in the first quarter of its 2014 fiscal year, selling 51 million iPhones and reporting revenue of $US57.6 billion, with a net profit of $US13.1 billion.

Apple said it also sold 26 million iPads during the quarter, topping its previous record of 22.9 million sold in the year-earlier quarter, when it also sold 47.8 million iPhones. Mac sales were up to 4.8 million from 4.1 million in the first quarter of fiscal 2013.

The company's gross margins slipped to 37.9 per cent from 38.6 per cent in the comparable quarter a year ago. Apple said that 63 per cent of its revenue came from international sales.

Earnings per share, at $US14.50, were in line with analysts' estimates that averaged $US14.09 per share. Apple will pay a cash dividend of $US3.05 per share on Feb. 13.

For the current, second fiscal quarter, Apple is forecasting revenue between $US42 billion and $US44 billion, and gross margins between 37 and 38 per cent.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags business issuesApplefinancial results

Featured

Slideshows

EDGE 2018: Kiwis kick back with Super Rugby before NZ session

EDGE 2018: Kiwis kick back with Super Rugby before NZ session

New Zealanders kick-started EDGE 2018 with a bout of Super Rugby before a dedicated New Zealand session, in front of more than 50 partners, vendors and distributors on Hamilton Island.‚Äč

EDGE 2018: Kiwis kick back with Super Rugby before NZ session
EDGE 2018: Kiwis assess key customer priorities through NZ research

EDGE 2018: Kiwis assess key customer priorities through NZ research

EDGE 2018 kicked off with a dedicated New Zealand track, highlighting the key customer priorities across the local market, in association with Dell EMC. Delivered through EDGE Research - leveraging Kiwi data through Tech Research Asia - more than 50 partners, vendors and distributors combined during an interactive session to assess the changing spending patterns of the end-user and the subsequent impact to the channel.

EDGE 2018: Kiwis assess key customer priorities through NZ research
Show Comments