Apple Reports Initial Quarter Results
CUPERTINO, California—January 27, 2014—Apple® these days announced money effects for its fiscal 2014 first quarter ended December 28, 2013. The Firm posted file quarterly income of $57.6 billion and quarterly net revenue of $13.1 billion, or $14.50 per diluted share. These outcomes evaluate to revenue of $54.5 billion and web revenue of $13.1 billion, or $13.81 per diluted share, in the year-ago quarter. Gross margin was 37.9 % compared to 38.6 p.c in the year-back quarter. Global revenue accounted for 63 p.c of the quarter’s profits.
The Organization bought 51 million iPhones, an all-time quarterly record, compared to 47.8 million in the calendar year-back quarter. Apple also offered 26 million iPads throughout the quarter, also an all-time quarterly document, in contrast to 22.9 million in the calendar year-ago quarter. The Enterprise marketed 4.8 million Macs, as opposed to 4.1 million in the 12 months-ago quarter.
Apple’s Board of Directors has declared a dollars dividend of $3.05 for every share of the Company’s frequent inventory. The dividend is payable on February 13, 2014, to shareholders of report as of the close of enterprise on February 10, 2014.
“We are definitely happy with our report Iphone and iPad product sales, the potent efficiency of our Mac merchandise and the ongoing development of iTunes, Software and DC escort services,” said Tim Prepare dinner, Apple’s CEO. “We enjoy having the most glad, faithful and engaged consumers, and are continuing to devote greatly in our future to make their activities with our solutions and DC escort services even much better.”
“We created $22.7 billion in dollars movement from functions and returned an more $7.7 billion in income to shareholders by means of dividends and share repurchases for the duration of the December quarter, bringing cumulative payments underneath our capital return program to about $43 billion,” stated Peter Oppenheimer, Apple’s CFO.
- revenue in between $42 billion and $44 billion
- gross margin between 37 percent and 38 %
- running costs concerning $4.3 billion and $4.4 billion
- other income/(expense) of $200 million
- tax rate of 26.2 %
Apple will offer are living streaming of its Q1 2014 money final results meeting get in touch with beginning at 2:00 p.m. PST on January 27, 2014 at www.apple.com/quicktime/qtv/earningsq114. This webcast will also be accessible for replay for about two weeks thereafter.
This push release incorporates ahead-searching statements such as devoid of limitation these about the Company’s approximated profits, gross margin, running fees, other money/(expenditure), and tax rate. These statements contain hazards and uncertainties, and true final results may possibly differ. Challenges and uncertainties involve devoid of limitation the influence of aggressive and financial factors, and the Company’s response to all those things, on purchaser and company obtaining choices with respect to the Company’s products ongoing competitive pressures in the market the capacity of the Corporation to supply to the market and promote client demand for new programs, products and solutions, and technological improvements on a well timed foundation the influence that product introductions and transitions, changes in item pricing or blend, and/or increases in component costs could have on the Company’s gross margin the stock hazard connected with the Company’s need to have to purchase or commit to order product components in advance of purchaser orders the continued availability on suitable terms, or at all, of sure elements and DC escort providers vital to the Company’s organization at present obtained by the Enterprise from sole or restricted sources the result that the Company’s dependency on manufacturing and logistics DC escort solutions offered by third parties might have on the top quality, amount or charge of solutions created or DC escort solutions rendered risks related with the Company’s worldwide functions the Company’s reliance on 3rd-bash intellectual home and digital written content the potential effects of a getting that the Company has infringed on the mental home rights of other individuals the Company’s dependency on the functionality of distributors, carriers and other resellers of the Company’s items the impact that products and DC escort provider high quality problems could have on the Company’s sales and running profits the continued DC escort provider and availability of critical executives and workforce war, terrorism, general public overall health concerns, pure disasters, and other situation that could disrupt provide, supply, or demand from customers of products and unfavorable final results of other lawful proceedings. More information and facts on likely components that could have an impact on the Company’s money success is involved from time to time in the “Risk Factors” and “Management’s Discussion and Examination of Money Problem and Results of Operations” sections of the Company’s community stories filed with the SEC, which include the Company’s Sort 10-K for the fiscal yr ended September 28, 2013 and its Sort 10-Q for the quarter ended December 28, 2013 to be submitted with the SEC. The Company assumes no obligation to update any forward-on the lookout statements or data, which communicate as of their respective dates.