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Apple recorded revenue of $57.6 billion for fiscal Q1 2014

It’s the time again; Apple has released its earrings report for fiscal Q1 2014 and the numbers are staggering. The company recorded $13.1 billion in profit ($14.50 EPS) on revenue of $57.6 billion. During the quarter, Apple sold 51 million iPhones and 26 million iPads (both figures were records, with the year-ago figures standing at 47.8 million and 22.9 million respectively).
 
Analysts were expecting revenue of $57.4 billion and EPS of $14.09. Analysts were also looking for Apple to sell roughly 55 million iPhones and 24.5 million iPads during the quarter. Apple missed by quite a bit on iPhones and came out slightly ahead on iPads.
 
While iPhones and iPads tend to gather much of the spotlight when it comes to Apple, the company does have other product lines as well. The company’s Mac computers — which recently celebrated its 30th birthday — saw sales increase from 4.1 million units a year ago to 4.8 million units for fiscal Q1 2014.


Apple CEO Tim Cook [Image Source: Mashable]
 
“We are really happy with our record iPhone and iPad sales, the strong performance of our Mac products and the continued growth of iTunes, Software and Services,” said Apple CEO Tim Cook. "We love having the most satisfied, loyal and engaged customers, and are continuing to invest heavily in our future to make their experiences with our products and services even better."
 
Apple expects revenue for Q2 to come in at $42 billion to $44 billion. It also expects gross margins to fall between 37 percent tot 38 percent.
 
AAPL is currently down nearly 6 percent in after hours trading following the earnings release.

Sources: Apple, Forbes



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Damn!
By Acupuncture on 1/27/2014 5:04:07 PM , Rating: 4
Apple's margin's continue to be the best in the business. Record iPhone and iPad sales prove that Apple continues to make very desirable products. Once they start making bigger phones, Samsung will be scrambling to pick up lost revenue. They are probably sweating bullets as we speak.




RE: Damn!
By Shig on 1/27/2014 6:17:20 PM , Rating: 2
The stock got crushed on this news though. It's down almost 8% after hours trading.

Wall Street's expectations for Apple have become just impossible.


RE: Damn!
By Acupuncture on 1/27/2014 6:26:21 PM , Rating: 2
I agree, but Apple is one of the most shorted stocks in existence. After nearly every earnings call, the stock plummets after hours but slowly rises a week or so after. I'm ashamed to admit I have made a lot of money doing this. = P


RE: Damn!
By Da W on 1/27/2014 9:17:30 PM , Rating: 2
Indeed. 506, time do buy this again for a ride.


RE: Damn!
By Argon18 on 1/28/2014 10:57:51 AM , Rating: 1
Why are you ashamed? You should not be ashamed to be a savvy investor, despite what Obama and the Occupy losers would have you believe. BTW thanks for the tip. :)


RE: Damn!
By w8gaming on 1/27/2014 6:29:31 PM , Rating: 2
The problem is, Apple should have done that earlier. Many who have wanted a bigger phone already bought from the competitors.


RE: Damn!
By Acupuncture on 1/27/2014 7:02:58 PM , Rating: 2
I disagree. While there's obviously a market for larger phones, the sheer volume of iPhone 5s tells us a lot of people are perfectly fine with a 4" screen. Samsung is generally first to the plate, but often the results are half-baked at best. Apple sits back in the bucklebrush, plans its attack, and releases a superior product. Samsung's best smartphone says are behind them. Mark my words.


RE: Damn!
By kmmatney on 1/27/2014 7:55:18 PM , Rating: 2
Well, I ditched the iPhone (after 4 years) to get a larger screen. I'm generally happy with it, except for the poor email client - which grinds to a halt when doing exchange email. This might even be fixed by a new Android OS, but I wouldn't know, since my phone is still stuck on 4.1.2 (which came out 10 months before I bought the phone). In any case, I will never buy another iPhone unless they make bigger screens.


RE: Damn!
By Acupuncture on 1/27/2014 10:04:47 PM , Rating: 2
This year there will be a size increase, guaranteed. The question is how much. Right now the size guarantee from what I've heard from multiple supply chains is 4.8."


RE: Damn!
By Samus on 1/28/2014 12:45:13 AM , Rating: 2
Funny, I ditched my Galaxy SIII for an iPhone simply because I wanted a smaller phone that fits better in my pocket and even my cup holder. The smaller screen ironically doesn't make it any more difficult to type on, and the quality is superior (to the S3, at least)

But the real nail in the coffin for the GS3 was its form factor. I hated its pebble shape and side-mount power button. Like a coin, half the time it'd be upside down, and it's pretty difficult to "feel" that since its so symatrical with no buttons on top or bottom.

Cheaper phones like the Samsung Conquer, which really looked and felt like an iPhone, had a superior form factor to any Galaxy. But obviously Apple got their way and made Samsung change their design to crap.


RE: Damn!
By Dorkyman on 1/28/2014 10:36:03 AM , Rating: 2
Funny, my daughter just bought an S3 and she absolutely adores it. Her boyfriend has an iPhone and loves the S3 too.

Article in the WSJ this morning about Apple. iPhone sales increased about 7%, but smartphone sales overall increased 34%. So Apple world-wide market share took another hit, down now to 18% from 22% last year.

The stock took a hit because iPhone sales were below expectations, especially given the introduction of two new models.


RE: Damn!
By w8gaming on 1/28/2014 3:58:28 AM , Rating: 2
Just because there were many units of iPhone sales, it does not mean that those who already got a larger screen smartphone will rush to buy an iPhone just because Apple release a big screen iPhone. In fact, I am waiting for the implosion that is going to happen to the smartphone market, which is going to affect all vendors who misjudge the future demand. Apple probably can just swallow the loss though, since they have accrued a lot of cash and not yet paying them as dividends.


RE: Damn!
By Tony Swash on 1/27/14, Rating: -1
RE: Damn!
By kmmatney on 1/27/2014 8:04:01 PM , Rating: 2
I do think Apple lost some sales by not coming out with a bigger screen - they certainly lost me this upgrade cycle. It gave people with existing phones less of a reason to upgrade. They would have been far better served by either coming out with 2 5S models (one with larger screen) or just made the 5C model have a larger screen, but keep all other specs the same.
I would have loved to see how sales would have gone if the 5S model sold as-is, and the 5C had the lesser hardware, but a 4.8-5" screen.


RE: Damn!
By BSMonitor on 1/28/2014 10:05:31 AM , Rating: 2
They know their game.. They still get to play that card.


RE: Damn!
By BSMonitor on 1/28/2014 10:04:03 AM , Rating: 3
Reclaimer and retro must be on vacation.


RE: Damn!
By sigmatau on 1/27/2014 7:16:12 PM , Rating: 2
Yes, being 3 years late to the big phone thing is brilliant! They will make it better!


RE: Damn!
By Tony Swash on 1/27/14, Rating: -1
RE: Damn!
By Fleeb on 1/28/2014 6:38:30 AM , Rating: 2
Everybody saw that not ending well - selling a desktop OS on a slate factor.

Remind us again why was a consumption device in a tablet factor so successful.


RE: Damn!
By Tony Swash on 1/28/14, Rating: 0
RE: Damn!
By BSMonitor on 1/28/2014 10:51:27 AM , Rating: 2
What they mean is, you cannot install MS Office on it without paying for it.

;)


RE: Damn!
By retrospooty on 1/28/2014 4:11:45 PM , Rating: 2
This is an interesting take on Apple and how it can get its "mojo" back. Interestingly enough, it has some great insights and ideas for Apple.

http://finance.yahoo.com/blogs/the-exchange/some-t...


RE: Damn!
By BSMonitor on 1/28/2014 5:02:21 PM , Rating: 2
LMAO, a blog full of opinions on business and marketing tactics??

Maybe they should sit someone of the board of Google and really start stealing IP. Oh wait, Google beat them to that too.. Damn


RE: Damn!
By retrospooty on 1/28/2014 9:30:24 PM , Rating: 3
Of course, you offer no point on anything valid, just dismiss it because it isn't putting Apple on a pedestal like you do. And of course, what would a BS monitor post be without the usual adolescent "stop copying me" jab at any one of Apple competitors. WE KNOW, its only OK to copy when Apple copies. It's accepted, let move on.

"1. Stop Idealizing Your Devices ... When you idealize something, you split off the bad parts and sweep them under the rug. You feel great but completely miss the things you're doing wrong. You have no chance to fix mistakes because you don't even acknowledge they exist."

"3. Loosen Up It's now excruciatingly clear Apple missed the bigger-screen phone trend. They missed due to stubbornness and a flawed ethos. They claimed they would only put out such a phone if they could create one that lived up to the Apple quality standard. This was nonsense and so they missed the trend."

4. "Diversify Now is the time for Apple to be expansive and to broaden revenue bases. This means more products in multiple areas. For example..."

"6. Spend More Cash in General ... Apple is generating huge amounts of cash every quarter and has a $160 billion war chest. Certainly the executives there are smart enough to figure out how to spend some of that cash in a way that will generate returns better than buying back shares"

If you cant see the logic in these items, then you truly are a mindless sheep that simply cant see logic. But no, admitting Apple can improve would be saying they arent already perfect.


RE: Damn!
By Alexstarfire on 1/31/2014 2:41:51 PM , Rating: 2
That link is rather amusing. For some reason they decide to arbitrarily include activities like reading, talking, singing, and "playing" as something a Mac/PC can't do. That makes no sense as a Mac/PC can do everything the iPad can and then some.

Now, simple vs complex is a different matter entirely. I don't look at a Mac/PC and think they are any more complex than a tablet, but not everyone views computers as I do. I'm well aware of that.


RE: Damn!
By Acupuncture on 1/27/2014 7:29:11 PM , Rating: 2
There is no being "too late" to the party. In fact, Samsung decided there was a party to begin with in thinking consumers absolutely demanded a huge screen on their phone. While yes, there is a market for it, selling 51M "small screen" phones suggests larger screens are still somewhat of a niche market. In the meantime, Apple was afforded the opportunity sit back, secure supply chains, and likely release a product of superior quality.


RE: Damn!
By kmmatney on 1/27/2014 8:29:52 PM , Rating: 2
Except for the 5C - nothing really superior about that phone...


RE: Damn!
By ritualm on 1/27/2014 9:13:36 PM , Rating: 2
Wow, gee, we should all be scared when Apple finally releases a 4.5"+ phone.

Not.


RE: Damn!
By Gio6518 on 1/28/2014 10:40:46 AM , Rating: 2
quote:
Once they start making bigger phones, Samsung will be scrambling to pick up lost revenue.


Doubtful

http://www.theinquirer.net/inquirer/news/2325434/s...


I'm glad to see Mac sales on the rise...
By TEAMSWITCHER on 1/27/2014 8:54:13 PM , Rating: 2
With an average selling price somewhere north of $1000 the Mac continues to be a remarkable and enduring success. I keep thinking that the Mac could be where Apple's next big surprise comes from. I'm thinking OS X for the PC.




RE: I'm glad to see Mac sales on the rise...
By Acupuncture on 1/27/2014 10:08:45 PM , Rating: 1
I think most manufacturer's "race to the bottom" with netbooks and cheap laptops actually benefitted Apple. Netbooks are all but gone, swallowed by tablet sales (or hybrids like the Surface and Surface laptops). I bought a couple of cheap Asus netbooks as well as a Chromebook, but you certainly get what you pay for. After selling those on eBay and buying a MBA, I have to say the quality difference is substantial. I don't fault other companies for trying to make cheaper, more affordable solutions, but Apple's "high-end" appeal, coupled with a solid OS and a sturdy design keeps their offerings ahead and allow for an acceptable cost premium.


RE: I'm glad to see Mac sales on the rise...
By greenchinesepuck on 1/27/14, Rating: -1
RE: I'm glad to see Mac sales on the rise...
By Acupuncture on 1/27/2014 11:40:49 PM , Rating: 2
I'm hoping you aren't a primary example of the type of people who post on DT.


RE: I'm glad to see Mac sales on the rise...
By retrospooty on 1/28/2014 7:40:52 AM , Rating: 2
LOL... No, he is an example of someone that got banned and created a new ID - he was Pirks. He is an example of someone we make fun of on DT.

Hey Pirks, BLACKBERRY ! LOL


RE: I'm glad to see Mac sales on the rise...
By greenchinesepuck on 1/28/14, Rating: -1
RE: I'm glad to see Mac sales on the rise...
By retrospooty on 1/28/2014 2:35:32 PM , Rating: 3
Ya, boy you sure were right. Blackberry is doing great. CAnt wait to see BB10 save the company ;)


RE: I'm glad to see Mac sales on the rise...
By greenchinesepuck on 1/28/14, Rating: -1
RE: I'm glad to see Mac sales on the rise...
By troysavary on 1/28/2014 3:28:17 PM , Rating: 3
That is like calling the weatherman an idiot when he calls for rain in the morning, but it doesn't rain until 12:30.


RE: I'm glad to see Mac sales on the rise...
By retrospooty on 1/28/2014 3:59:06 PM , Rating: 2
The only reason it didn't sell in 2012 and again in 2013 is they couldn't find a buyer. You shouldn't proudly talk predictions P man, every one you made fell flat.

But please, do tell me what you think will happen next in the mobile industry. I want to boost my portfolio to whatever you think will NOT happen, because you are a perfect 0%. I would be willing to put alot of money on it. :P


RE: I'm glad to see Mac sales on the rise...
By greenchinesepuck on 1/28/14, Rating: -1
RE: I'm glad to see Mac sales on the rise...
By retrospooty on 1/28/2014 4:39:03 PM , Rating: 2
"Compared to Bitcoin everything else in investment world is boring and moot."

You heard it here first folks. +1

LOL


By greenchinesepuck on 1/28/2014 4:45:01 PM , Rating: 1
Here first? No, I'm the last one to admit it. I never pay attention to investments, but even I noticed how BTC price rose from 2011. Went from $3 per coin to $1000 per coin. Wow, man, that's the only kind of investment that's worth bothering. You don't know any stock that grew 30000% in two years do ya punk? :) hehe


By retrospooty on 1/28/2014 9:22:21 PM , Rating: 6
No, I meant this part "everything else in investment world is boring and moot"

I will try not to alert wall street to avoid a major panic.


By troysavary on 1/28/2014 8:15:10 PM , Rating: 3
I suspected for a long time crypto-currencies were a bubble about to pop. Now it has been conformed.


RE: I'm glad to see Mac sales on the rise...
By robinthakur on 1/28/2014 6:49:14 AM , Rating: 4
Completely agree with you and I'm inseperable from my MB Pro Retina as a MS and web Developer running Windows Server in a VM. The complete offering including the whole lifecycle, build quality, premium feel, long battery life, ecosystem compatibility with iCloud and Airplay, high power, customer service and design through to things like resale value mean there is no other laptop I would consider buying because they all fall short in some way by cutting corners, battery life or just weird speccing. If you look at the trackpad on the macbook it is a work of art and changes the way you interact with the computer. On all the PC laptops I've used, it is an unreliable afterthought which doesn't work very well with gestures and multitouch. When people ask why Macs don't have touchscreen, the Trackpad is a compelling argument to say that you don't need them. On a tablet yes, on a non convertible laptop? No thanks, what we have works fine. Macbooks use premium materials and design and are actually cheaper than many pc manufacturers attempts to create 'equivalent' products, because their supply chain is more optimised for high volume sales.

Having owned a Samsung Galaxy 3 briefly, I can see why the iPhone is still outselling it by a huge margin. Horrible device...


By greenchinesepuck on 1/28/2014 3:26:32 PM , Rating: 1
quote:
On all the PC laptops I've used, it is an unreliable afterthought which doesn't work very well with gestures and multitouch. When people ask why Macs don't have touchscreen, the Trackpad is a compelling argument to say that you don't need them. On a tablet yes, on a non convertible laptop? No thanks, what we have works fine.
LOL Robin I always agree with you, you're one of the smartest posters here but this point you mentioned about touchscreen on a laptop I can't miss.

I purchased Acer V5 touchscreen laptop for my wife in the local MS retail store three months ago, she got used to Win8.1 pretty quick, so no issues there. Super duper nice screen to watch online TV, she uses it as her portable internet TV set all the time, and I'm wowed by the picture quality. Otherwise it's a decent laptop overall. Supports multitouch gestures on touchpad, thin, light, 6 hours battery life with Haswell inside, no stupid DVD drive inside either which is a huge plus for us. I'm happy with it, she is too.

HOWEVER. One interesting thing I noticed recently about the touchscreen thingie. I started to touch screen on my other laptops! They don't have touchscreens but I still touch them all the time, whenever I wanna scroll web page, whenever I wanna click some button quick... man, it actually turned out that humans work faster with touchscreens even on a laptop. There are many frequent operations like scrolling or button clicks which feel much faster and more natural with a touchscreen on a laptop, and I quickly got used to this level of comfort and voila, now I'm NOT buying anything like a laptop WITHOUT a touchscreen. It's a laptop WITH a touchscreen or I am NOT buying it.

Paint me surprised but this is one interesting decision MS has made that is totally NOT obvious, I was puzzled about introduction of touchscreens in laptops just like any oldfag here (retrotroll, motofuck, etc) but boy was I wrong.

That's the thing with touchscreens on laptops. You don't get them until you use them for a month or so. Then you can't live without them.

Otherwise I totally agree about Retina MBP, this is the best laptop ever, I would totally buy it a long ago if I had the money. But touchscreen on a laptop? Nah buddy, here is something you Mac zealots won't ever understand.

So I'm glad MS was smarter than Apple at least in this little detail. Wonder how many years it'll take Apple to realize how dumb they are and then add touch to their laptop screens. Then I'm going to have a fucking field day with you and Tony, hehee :P

See ya around! Bye until then ;)


RE: I'm glad to see Mac sales on the rise...
By elleehswon on 1/28/2014 11:20:35 AM , Rating: 2
why would you want OSX for the pc? OSX is just a bad flavor of unix.


By purerice on 1/28/2014 3:23:44 PM , Rating: 2
Personal preference perhaps? Fondness of iApps suite perhaps?

It is tuned for a different user base and perhaps you don't match that user base. Perhaps it has a less than perfect set of APIs, but the GUI is definitely unique.

I've used everything from Win3 and MacOS7 up to Win7 and OSX 10.9 (Mavericks with an s) with various flavors of Linux along the way. I haven't used Windows 8, but personally my favorite was OSX 10.6. By favorite I mean the answer to this question, "on what OS can I get the most work done in the least amount of time with the least amount of stress so I can get on with my life?"


congrats...
By zodiacfml on 1/28/2014 12:10:51 AM , Rating: 2
unbelievable that Apple continues this growth..
I think the 5C has even improved the sales of the 5s.




RE: congrats...
By Dorkyman on 1/28/2014 10:43:55 AM , Rating: 2
Just keep in mind that Apple is growing a little. The market is growing a lot. Apple's market share is declining. That's why the stock took a hit yesterday.


RE: congrats...
By Cheesew1z69 on 1/28/2014 10:50:33 AM , Rating: 1
But, according to people like Tony, marketshare DOESN'T MATTER!

Of course, we all know that's bullshit... they DO... every company does.


RE: congrats...
By greenchinesepuck on 1/28/2014 3:08:32 PM , Rating: 2
I dunno, Apple always made huge amount of money while being quite far from the monopolist on the market, they have some healthy market share, but not nearly as huge as MS with Windows that holds like 95% of all the desktop computers on the planet. So what? MS makes decent money, big profit and all, and Apple makes EVEN MORE money than MS. Which proves Tony's point that market share is not important. Now you will act like an idiot, as usual, and weasel your way out the facts, which is totally expected, but, well, these facts about MS's and Apple's profit, revenue and market share do exist. No amount of your trolling is able to hide them :P


RE: congrats...
By Cheesew1z69 on 1/28/2014 7:48:39 PM , Rating: 2
quote:
Now you will act like an idiot
Oh the irony....

And nothing proves his point...


Stop feeding the troll!
By garagetinkerer on 1/28/2014 1:50:32 AM , Rating: 2
Seriously! Stop feeding the troll.




“We do believe we have a moral responsibility to keep porn off the iPhone.” -- Steve Jobs

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