Apple Reports Second-Quarter Results

Discussion in 'Apple News' started by Newsbot, Apr 24, 2014.

  1. Newsbot

    Newsbot New Member

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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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    Newsbot, Apr 24, 2014
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