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Apple Reports Q3 Results: Revenues of $37.4 Billion



8:06 am on Jul 23, 2014 (gmt 0)

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With profits up 12% from last year, can this company continue to grow at such a strong pace? The new phones with bigger screens, i'm sure, will be eagerly awaited by the company and the Apple fans.

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 Reports Q3 Results: Revenues of $37.4 Billion [apple.com]
“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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