Apple Inc. (AAPL) had announced the third quarter financial results on July 23. Lets do a recap of the numbers announced and what is in store for the holiday quarter.
Apple Inc’s third quarter ended on June 28, 2014. The quarterly revenue was $37.4 billion with a net profit of $7.7 billion which also amounts to $1.28 per diluted share. In the same quarter a year ago, Apple made revenue of $35.3 billion with a net profit of $6.9 billion which amounted to $1.07 per diluted share. Gross margin was also up this year to 39.4 percent compared to 36.9 percent last year. In this quarter, international sales accounted for 59 percent of the quarter’s revenue.
Due to a very strong performance, Apple’s board of directors had declared a cash dividend of $4.7 per share of the company’s common stock. The dividend is payable tomorrow ie, August 14, 2014. Apple’s CEO Tim Cook said “Our record June quarter revenue was fueled by strong sales of iPhone and Mac and the continued growth of revenue from the Apple ecosystem, driving our highest EPS growth rate in seven quarters. We are incredibly excited about the upcoming release of iOS 8, OS X Yosemite, as well as other new products and services that we can’t wait to introduce”.
With the launch of iPhone 6, new iPads, rumoured Retina MacBook Air, refreshed Retina Macbook Pros, iOS 8, OS X Yosemite and a completely new hardware (iWatch) in pipeline for the holiday season; Apple is about to record historical revenues and profits in the next few quarters. We will discuss about how iPhone 6 is a threat to Android in the next post.