Saturday, December 16, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Galaxy A8, A8 Plus and LG K Series to Appear at CES
North Korea Behind attacks on Cryptocurrency Exchanges: report
BlackBerry Ends Support for Priv, Talks About the Future of BB10
Google to Shut Down Project Tango in March 2018
Facebook Admits Spending Time on Social Media is Bad for You
Facebook Will Start Putting Ads Before Videos
Samsung's Smart Speaker Coming Next Year
Internet Neutrality is Officially Dead
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Mobiles > iPhone ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, April 23, 2014
iPhone Sales Drive Apple's Record March Quarter Revenue


Apple today posted quarterly revenue of $45.6 billion and quarterly net profit of $10.2 billion for its fiscal 2014 second quarter ended March 29, 2014.

These results compare to revenue of $43.6 billion and net profit of $9.5 billion 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.

Apple has sold higher than expected 43.72 million iPhones.

"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."

"We generated $13.5 billion in cash flow from operations and returned almost $21 billion in cash to shareholders through dividends and share repurchases during the March quarter," said Peter Oppenheimer, Apple's CFO. "That brings cumulative payments under our capital return program to $66 billion."

For the third quarter, Apple expects a revenue between $36 billion and $38 billion.

Apple also approved another $30 billion in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash hoard while broadening the stock's appeal to individual investors.




Previous
Next
Qualcomm Reports Less Than Expected 2Q Revenue        All News        Travelling Through Time On Updated Google Maps
Qualcomm Reports Less Than Expected 2Q Revenue     Mobiles News      OnePlus One To Launch Next Month

Get RSS feed Easy Print E-Mail this Message

Related News
Powerful iMac Pro is Available Today, Starting at $5,000
Apple Invests in FaceID Component Maker Finisar
Apple Confirms Acquisition of Shazam
Apple Said To Buy Shazam
These are Apple Store's Most Popular Apps, Music, Movies
Apple to Release LCD iPhone With a Metal Case: report
Apple Pay Cash Now Supports Person to Person Payments
European Court Ruls Xiaomi 'Mi Pad' Name Is Similar To Apple's 'iPad'
Apple to Pay Ireland 13 Billion Euros As Part of Uncollected Taxes
Qualcomm, Apple Exchange Fresh Complaints
Wearables Market Grows as Smart Wearables Rise and Basic Wearables Decline
Apple to Design its Own Power Chips: report

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .