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iPhone, iPad Sales Full Throttles Peak Revenue and Operating Profit!

Apple

CUPERTINO, California: Apple today pronounced the financial upshots meant for its fiscal 2014 first quarter concluded December 28, 2013. The Company went on to display its best ever quarterly revenue standing tall at $57.6 billion and quarterly net profit of $13.1 billion, or $14.50 per diluted share. This domino effect goes on to compare the revenue reading at $54.5 billion and net profit totaling at $13.1 billion, or $13.81 per diluted share, in the year-ago quarter. Gross margin was 37.9 percent compared to 38.6 percent in the year-ago quarter. International sales accounted for 63 percent of the quarter’s revenue.

The Corporation merchandised 51 million iPhones, which from its barrio comes to the fore as what may be rounded off as an all-time quarterly record, paralleled to 47.8 million in the year-ago quarter. Apple moreover retailed 26 million iPads throughout the quarter, correspondingly an all-time quarterly record, equated to 22.9 million in the year-ago quarter. The Company vended 4.8 million Macs, matched to 4.1 million in the year-ago quarter.

iphone

Apple’s Board of Directors has acknowledged a cash dividend of $3.05 for every share of the Company’s shared stock.  The dividend is to be paid on February 13, 2014, to shareholders holding record as of the close of business on February 10, 2014.

“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,” allegedly held, Tim Cook, Apple’s CEO. Volumnising further that “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.”

iPad

“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,” reportedly said, Mr. Peter Oppenheimer, Apple’s CFO.

Apple is providing the following parameters designed for its financial 2014 next quarter:

  • Revenue sandwiched between $42 billion and $44 billion
  • Gross margin flanked by 37 percent and 38 percent
  • Operating expenses stuck between $4.3 billion and $4.4 billion
  • Other income/ (expense) cumulating at $200 million
  • Tax rate staying at 26.2 percent

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Jawed Akhtar

A Journalist by interest and a Music Enthusiast by passion. Wedded to Mother Nature, Jawed indulges his aesthetics in travelling and reading books of varied genres. Having covered News stories for top Dailies in his formative years, that is, he is game for tryst with Technology at Techmagnifier.

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