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Apple Reports Second-Quarter Results

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Apple has announced financial results for its fiscal 2014 second quarter ended March 29, 2014. The company posted quarterly revenue of $45.6 billion and quarterly net profit of $10.2 billion, or $11.62 per diluted share. These results compare to revenue of $43.6 billion and net profit of $9.5 billion, or $10.09 per diluted share, in the year-ago quarter. Gross margin was 39.3 percent compared to 37.5 percent in the year-ago quarter. International sales accounted for 66 percent of the quarter’s revenue. “We’re very proud of our quarterly results, especially our strong iPhone sales and record revenue from services,” said Tim Cook, Apple’s CEO. “We’re eagerly looking forward to introducing more new products and services that only Apple could bring to market.”

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Apple reports second Quarter outcomes

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Apple lately introduced financial results for its fiscal 2011 2nd quarter ended March 26, 2011. the corporate posted record 2d quarter income of $24.67 billion and report 2d quarter internet profit of $5.99 billion, or $6.forty per diluted share. These outcomes evaluate to revenue of $13.50 billion and web quarterly profit of $three.07 billion, or $three.33 per diluted share, within the year-ago quarter. “With quarterly revenue boom of eighty three % and revenue increase of ninety five percent, we’re firing on all cylinders,” mentioned Steve Jobs, Apple’s CEO. “we will be able to continue to innovate on all fronts throughout the remainder of the 12 months.”

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