Apple Reports Third Quarter Results

Apple today announced financial results for its fiscal 2014 third quarter ended June 28, 2014. The company posted quarterly revenue of $37.4 billion and quarterly net profit of $7.7 billion, or $1.28 per diluted share. These results compare to revenue of $35.3 billion and net profit of $6.9 billion, or $1.07 per diluted share, in the year-ago quarter. Gross margin was 39.4 percent compared to 36.9 percent in the year-ago quarter. International sales accounted for 59 percent of the quarter’s revenue. Apple’s board of directors has declared a cash dividend of $.47 per share of the company’s common stock. The dividend is payable on August 14, 2014, to shareholders of record as of the close of business on August 11, 2014. “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,” said Tim Cook, Apple’s CEO. “We are incredibly excited about the upcoming releases of iOS 8 and OS X Yosemite, as well as other new products and services that we can’t wait to introduce.”

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Apple experiences 0.33 Quarter outcomes

Apple nowadays introduced financial results for its fiscal 2012 0.33 quarter ended June 30, 2012. the company posted quarterly income of $35.zero billion and quarterly internet profit of $eight.eight billion, or $9.32 per diluted share. These results examine to earnings of $28.6 billion and web profit of $7.three billion, or $7.79 per diluted share, within the 12 months-in the past quarter. Gross margin used to be forty two.8 p.c, in comparison with forty one.7 p.c within the year-ago quarter. “We’re delighted with report gross sales of 17 million iPads in the June quarter,” mentioned Tim cook dinner, Apple’s CEO. “We’ve additionally just updated all the MacBook line, will free up OS X Mountain Lion day after today, and will likely be launching iOS 6 q4. we’re also in point of fact looking forward to the amazing new products we’ve acquired within the pipeline.”

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