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Apple sales up 6%

Apple sales up 6%

Tue 22 Jul 2014 10:04pm GMT / 6:04pm EDT / 3:04pm PDT
MobileBusiness

Chinese market, iPhones and Macs show biggest growth during third quarter

Apple

Established in 1976, Apple is a multinational corporation (corporate headquarters based in California)...

apple.com

Apple reported its fiscal third quarter results today, revealing improved top and bottom line numbers for the three months ended June 28. For the quarter, Apple saw revenues up 6 percent to $37.4 billion, with net profits up a little less than 12 percent to $7.7 billion.

"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," CEO Tim Cook said. "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."

The company sold 35,203 iPhones for the quarter (up 13 percent year-over-year), as well as 4,413 Macs (up 18 percent). Its iTunes service also saw significant growth, with revenues up 12 percent year-over-year to nearly $4.5 billion. Geographically, Apple saw the greatest gains in the Chinese market (including Hong Kong and Taiwan), where revenues were up 28 percent year-over-year to $5.9 billion. No other region grew sales more than 6 percent.

For the current quarter, Apple is projecting revenues between $37 billion and $40 billion, with an operating income of $250 million.

2 Comments

Morville O'Driscoll Blogger & Critic

1,590 1,446 0.9
Unmentioned in the above article:
the 9% year-on-year fall in [iPad] units sold prompted speculation that Apple has reached "peak iPad"
( http://www.theguardian.com/technology/2014/jul/23/apple-sales-ipad-decline )

Perhaps a little more balanced reporting?

Posted:3 months ago

#1

Alfonso Sexto Lead Tester, Ubisoft Germany

822 654 0.8
As a tribute to Bruce:
"Those sells are all to substitute perfectly functional one year old devices"

Posted:3 months ago

#2

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