Growth in iPhone sales, Mac and services generated record revenues for the quarter ended in June and a 20% growth in earnings per share
CUPERTINO, California-On July 22, 2014-Apple today announced financial results for the third quarter of fiscal year 2014 ended June 28, 2014. The company reported quarterly revenue of $ 37.4 billion and net quarterly profit of $ 7.7 billion, or $ 1.28 per diluted share. These results compare to revenue of $ 35.3 billion and net income of $ 6.9 billion, or $ 1.07 per diluted share for the same quarter last year. Gross margin represented 39.4% compared to 36.9% in the same quarter last year. International sales accounted for 59% of sales in the quarter.
Apple’s Board of Directors declared a dividend of $ 0.47 per common share, payable August 14, 2014 to August 11, 2014 recorded in the evening shareholders.
« Our record sales for the June quarter was driven by strong sales of iPhone and Mac as well as the continued growth of sales from the Apple ecosystem, which has generated the strongest growth in earnings per share for seven quarters, said Tim Cook, Apple’s CEO. We are very excited by the arrival of iOS and OS X 8 Yosemite, as well as new products and services that we can not wait to start. «
« We generated $ 10.3 billion of operating cash flow and donated nearly $ 8 billion in cash to our shareholders through dividends and share repurchases during the quarter ended in June, said Luca Maestri, Apple’s CFO. This brings the cumulative payments under our program of return on capital to 74 billion, for a total of $ 130 billion, with another six quarters until its completion. «
The objectives provided by Apple for the fourth quarter of fiscal 2014
revenues between $ 37 billion and $ 40 billion
gross margin between 37% and 38%
Operating expenses between $ 4.75 billion and $ 4.85 billion
Other income / (expenses) of $ 250 million
tax rate of 26.1%
Apple will release real-time web conferencing its financial results for the third quarter of 2014 July 22, 2014 from 14 pm (Pacific Coast of the United States), at http://www.apple.com/quicktime/qtv/ earningsq314. This web conference will continue to be available afterwards for about two weeks.
This press release contains forward-looking statements including purely indicative, those concerning estimates of gross margin, operating expenses, other income / (expense) and income tax rates. These statements are subject to a number of risks and uncertainties and actual results may differ from those contained in this release. Potential risks and uncertainties include without limitation the effect of competitive and economic factors and the answers that the company could make the purchasing decisions of Apple products by the general public and professionals; consistency of competitive pressures in the marketplace; the ability of the company to propose in due time new programs, innovative products and technologies to the marketplace and stimulate customer demand for these products and technologies; the possible repercussions product introductions and transitions to new products, changes in pricing and product mix, and / or increases in component costs of the products on the gross margin of the company; the inventory risk associated with the need for the company to order or commit to order product components in advance of customer no orders; the continued availability on acceptable terms of certain components and services essential to the company’s business currently obtained by the Company from sole or limited sources; the effect that the dependence of the Company with respect to manufacturing services and logistics provided by third parties may have on the quality, quantity or cost of products manufactured or services rendered; risks associated with international operations of the company; the dependence of the Company with respect to the availability of digital content and under the intellectual property of others; the potential impact of a finding that the Company has infringed on the intellectual property of others, and the dependence of the Company on the performance of distributors, carriers and other resellers of the Company; the impact of quality problems on product sales and operating results of the company; the presence and permanent availability of key executives and employees; war, terrorism, public health issues, natural disasters and other circumstances that could disrupt supply, delivery, or demand of products; and unfavorable results of other legal proceedings. Further information on factors that could affect the financial results of the company are from time to time in the « Risk Factors » and « Management’s Discussion and Analysis of Financial Condition and Results of Operations » of the documents filed by the company with the SEC, particularly the Annual Report (Form 10-K) for the year ended September 28, 2013, the interim report (Form 10-Q) for the quarter ended December 28, 2013, the interim report (Form 10 – Q) for the quarter ended March 29, 2014 and the interim report (Form 10-Q) for the quarter ended June 28, 2014 to be filed with the SEC. The Company undertakes no obligation to update the statements or forward-looking information that is of value only to their respective dates.
Apple designs Macs, the best personal computers in the world, as well as the operating system OS X, iLife, iWork and professional software system. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its iPhone and its revolutionary App Store and defines the future of mobile media and computing devices with iPad.
khounnala.j @ apple.com
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