Apple has finally announced results for its fiscal 2014 first quarter, which ended December 28, 2013.
Prior to announcing the results, the guidance issued by Apple hinted at revenues between $55-58 billion with gross margins between 36.5 percent and 37.5 percent. In the previous quarter, Apple brought in $57.6 billion in revenue as opposed to $54.6 billion in the year-ago quarter. This translates into $13.1 billion in net profit as compared to the same net profit, in the same year-ago quarter.*Earnings per diluted share stand at $14.50 this time, up from $13.87 in the past.*Gross margin dipped nominally, down to 37.9 percent as opposed to 38. 6 percent in the year-ago quarter.
Unit sales of mobile devices established new records. Apple has sold over 472.3 million smartphones to date, with 51 million iPhones being sold in the previous quarter alone, in the same time period last year this figure was at 47.8 million. Apple also sold the most iPads this past quarter, establishing a new record with 26 million units being sold as opposed to 22.86 million from last year. Mac sales climbed from 4.06 million to 4.8 million.
Guidance for the fiscal 2014 second quarter predicts revenue between $42 billion and $44 billion, with gross margin between 37 and 38 percent. At this rate, the company will experience almost zero growth as opposed to fiscal 2013 second quarter.
Source: Apple
Prior to announcing the results, the guidance issued by Apple hinted at revenues between $55-58 billion with gross margins between 36.5 percent and 37.5 percent. In the previous quarter, Apple brought in $57.6 billion in revenue as opposed to $54.6 billion in the year-ago quarter. This translates into $13.1 billion in net profit as compared to the same net profit, in the same year-ago quarter.*Earnings per diluted share stand at $14.50 this time, up from $13.87 in the past.*Gross margin dipped nominally, down to 37.9 percent as opposed to 38. 6 percent in the year-ago quarter.
Unit sales of mobile devices established new records. Apple has sold over 472.3 million smartphones to date, with 51 million iPhones being sold in the previous quarter alone, in the same time period last year this figure was at 47.8 million. Apple also sold the most iPads this past quarter, establishing a new record with 26 million units being sold as opposed to 22.86 million from last year. Mac sales climbed from 4.06 million to 4.8 million.
Guidance for the fiscal 2014 second quarter predicts revenue between $42 billion and $44 billion, with gross margin between 37 and 38 percent. At this rate, the company will experience almost zero growth as opposed to fiscal 2013 second quarter.
Source: Apple
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