Apple released fiscal Q4 2014 numbers today and they killed it! So much for all those Apple doubters. The Q4 financial report included 39.3 million iPhones, 12.3 million iPads, 5.5 million Macs, 2.6 million iPods, and $13.3 cash flow on $42.1 billion in revenue. That is simply insane!
Tim Cook was excited and optimistic, of course:
"Our fiscal 2014 was one for the record books, including the biggest iPhone launch ever with iPhone 6 and iPhone 6 Plus," said Tim Cook, Apple's CEO. "With amazing innovations in our new iPhones, iPads and Macs, as well as iOS 8 and OS X Yosemite, we are heading into the holidays with Apple's strongest product lineup ever. We are also incredibly excited about Apple Watch and other great products and services in the pipeline for 2015."
iPad sales have declined for the third quarter in a row. It does not appear to be a concern as other product lines easily make up for the shortfall. That said, Apple is moving aggressively into China, and the iWatch will make its debut next year. As the market gets saturated, Apple will look to new markets to stay ahead of the game.
The full press release follows:
Tim Cook was excited and optimistic, of course:
"Our fiscal 2014 was one for the record books, including the biggest iPhone launch ever with iPhone 6 and iPhone 6 Plus," said Tim Cook, Apple's CEO. "With amazing innovations in our new iPhones, iPads and Macs, as well as iOS 8 and OS X Yosemite, we are heading into the holidays with Apple's strongest product lineup ever. We are also incredibly excited about Apple Watch and other great products and services in the pipeline for 2015."
iPad sales have declined for the third quarter in a row. It does not appear to be a concern as other product lines easily make up for the shortfall. That said, Apple is moving aggressively into China, and the iWatch will make its debut next year. As the market gets saturated, Apple will look to new markets to stay ahead of the game.
The full press release follows:
CUPERTINO, Calif.--(BUSINESS WIRE)--AppleŽ today announced financial results for its fiscal 2014 fourth quarter ended September 27, 2014. The Company posted quarterly revenue of $42.1 billion and quarterly net profit of $8.5 billion, or $1.42 per diluted share. These results compare to revenue of $37.5 billion and net profit of $7.5 billion, or $1.18 per diluted share, in the year-ago quarter. Gross margin was 38 percent compared to 37 percent in the year-ago quarter. International sales accounted for 60 percent of the quarter's revenue.
"Our strong business performance drove EPS growth of 20 percent and a record $13.3 billion in cash flow from operations in the September quarter"
Apple's board of directors has declared a cash dividend of $.47 per share of the Company's common stock. The dividend is payable on November 13, 2014, to shareholders of record as of the close of business on November 10, 2014.
"Our fiscal 2014 was one for the record books, including the biggest iPhone launch ever with iPhone 6 and iPhone 6 Plus," said Tim Cook, Apple's CEO. "With amazing innovations in our new iPhones, iPads and Macs, as well as iOS 8 and OS X Yosemite, we are heading into the holidays with Apple's strongest product lineup ever. We are also incredibly excited about Apple Watch and other great products and services in the pipeline for 2015."
"Our strong business performance drove EPS growth of 20 percent and a record $13.3 billion in cash flow from operations in the September quarter," said Luca Maestri, Apple's CFO. "We continued to execute aggressively against our capital return program, spending over $20 billion in the quarter and bringing cumulative returns to $94 billion."
Apple is providing the following guidance for its fiscal 2015 first quarter:
revenue between $63.5 billion and $66.5 billion
gross margin between 37.5 percent and 38.5 percent
operating expenses between $5.4 billion and $5.5 billion
other income/(expense) of $325 million
tax rate of 26.5 percent
Apple will provide live streaming of its Q4 2014 financial results conference call beginning at 2:00 p.m. PDT on October 20, 2014 at www.apple.com/quicktime/qtv/earningsq414. This webcast will also be available for replay for approximately two weeks thereafter.
"Our strong business performance drove EPS growth of 20 percent and a record $13.3 billion in cash flow from operations in the September quarter"
Apple's board of directors has declared a cash dividend of $.47 per share of the Company's common stock. The dividend is payable on November 13, 2014, to shareholders of record as of the close of business on November 10, 2014.
"Our fiscal 2014 was one for the record books, including the biggest iPhone launch ever with iPhone 6 and iPhone 6 Plus," said Tim Cook, Apple's CEO. "With amazing innovations in our new iPhones, iPads and Macs, as well as iOS 8 and OS X Yosemite, we are heading into the holidays with Apple's strongest product lineup ever. We are also incredibly excited about Apple Watch and other great products and services in the pipeline for 2015."
"Our strong business performance drove EPS growth of 20 percent and a record $13.3 billion in cash flow from operations in the September quarter," said Luca Maestri, Apple's CFO. "We continued to execute aggressively against our capital return program, spending over $20 billion in the quarter and bringing cumulative returns to $94 billion."
Apple is providing the following guidance for its fiscal 2015 first quarter:
revenue between $63.5 billion and $66.5 billion
gross margin between 37.5 percent and 38.5 percent
operating expenses between $5.4 billion and $5.5 billion
other income/(expense) of $325 million
tax rate of 26.5 percent
Apple will provide live streaming of its Q4 2014 financial results conference call beginning at 2:00 p.m. PDT on October 20, 2014 at www.apple.com/quicktime/qtv/earningsq414. This webcast will also be available for replay for approximately two weeks thereafter.