On July 22, Apple officially announced their quarterly earnings, for the time period ending June 28, 2014. The company revenue of $37.4 billion and quarterly net profit of $7.7 billion, or $1.28 per diluted share. Compared to $35.3 billion and quarterly net profit of $6.9 billion, or $1.07 per diluted share, from the previous year.
The main takeaway elements from the initial report include:
Plus, the usual Apple forecasts:
Apple’s CEO Tim Cook said this about the company’s results:
“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. 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.“
Luca Maestri, Apple’s CFO, had this to add:
“We generated $10.3 billion in cash flow from operations and returned over $8 billion in cash to shareholders through dividends and share repurchases during the June quarter. We have now taken action on over $74 billion of our $130 billion capital return program with six quarters remaining to its completion.“
As usual, Apple will be hosting a conference call that begins at 5:00PM EST/2:00PM PST, where they will be going over in detail the results of the quarter. You’ll be able to lifestream it from http://www.apple.com/quicktime/qtv/earningsq314.
With this considered the “slow period” for Apple, the company still managed to grow where it mattered, with an overall increase in the key areas year-over-year.