Apple Posts Q1 2014 Earnings

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Apple has today released earnings for Q1, 2014. This fiscal quarter ended December 28, 2013 and included the holiday shopping season. During the quarter, Apple brought in revenues of $57.6 billion with a profit of $13.1 billion, or $14.50 per diluted share. This is compared to Q1 2013 that saw revenues of $54.5 billion with a net profit of $13.1 billion, or $13.81 per diluted share. Gross margin this past quarter was 37.9% versus 38.6% gross margin a year ago.

During the quarter, Apple sold 51 million iPhones, a new quarterly record. Apple also sold a record number of iPads with 26 million being sold during the quarter. Mac sales even rose, with 4.8 million being sold compared to 4.1 million Macs being sold a year ago.

Peter Oppenheimer, Apple’s CFO, said the following on cash flow during Q1 2014:

We generated $22.7 billion in cash flow from operations and returned an additional $7.7 billion in cash to shareholders through dividends and share repurchases during the December quarter, bringing cumulative payments under our capital return program to over $43 billion,

Apple has also noted that its shareholders will receive a cash dividend of $3.05 per share payable February 13, 2014. Other interesting statistics include the fact that 63% of Apple’s revenue came from international sales and currently holds 69% of the Japanese smartphone market. As far as the Chinese market goes, Apple has brought in $8.44 billion in revenue in the country over Q1 2014, a growth of 29% year-over-year.

Via: TUAW
Photo Source: Karlis Dambrans