Print 36 comment(s) - last by ilt24.. on Jul 24 at 10:04 AM

Apple's numbers fall mostly in line with its own forecasts, analyst numbers

Another quarter is in the books, and Apple is once again rolling in cash. Apple generated revenue of $37.4 billion for fiscal Q3 and earnings of $1.28 per share. This translated into a record Q3 when it comes to profits, with the company raking in $7.7 billion. Analysts were expecting revenue of $37.99 billion and EPS of $1.23.
Apple issued guidance of $36 to $38 billion for the quarter, so these numbers are right in line with expectations.

Gross margins also ticked up compared to last year, rising from 36.9 percent to 39.4 percent. To go along with that info, Apple reported during its earnings call that the average selling price (ASP) for its Mac, iPod, iPhone, and iPad product lines were $1,255, $151, $561, and $444 respectively. The $444 figure for the iPad tells us that the iPad mini and iPad mini with Retina Display are accounting for the bulk of iPad sales.
“Our record June quarter revenue was fueled by strong sales of iPhone and Mac and the continued growth of revenue from the Apple ecosystem, driving our highest EPS growth rate in seven quarters,” said Apple CEO Tim Cook.

Apple CEO Tim Cook [Image Source: Fast Company]

“We are incredibly excited about the upcoming releases of iOS 8 and OS X Yosemite, as well as other new products and services that we can’t wait to introduce.”
During the quarter, Apple sold 13.3 million iPads, 35.2 million iPhones, and 4.4 million Macs. These compared to last year’s figures of 14.6 million, 31.2 million, and 3.8 million respectively.
iPad sales continue to be a sore point for Apple as we saw with the fiscal Q2 numbers. Apple has seen demand for its iPad weaken as newer, cheaper competition has entered the fray. In addition, the emergence of “phablet” devices have somewhat blunted the demand for tablet devices.
The iPhone numbers are up year-over-year, which is to be expected considering that Apple opened the floodgates to the Chinese market earlier this year. The iPhone numbers could have likely been even higher, but Apple fans are likely waiting for the larger screen iPhones (4.7” and 5.5”) to hit the market this fall.

Apple iPhone 6 render [Image Source: 9to5Mac]
Apple has already [internally] admitted that it has failed to deliver on bringing large-screen iPhones to its customers and it looks to right that wrong with the iPhone 6. So we’ll be looking forward to the fiscal Q4 numbers to see how iPhone sales stack up compared to last year.

Source: Apple

Comments     Threshold

This article is over a month old, voting and posting comments is disabled

RE: That's a lotta dough
By ilt24 on 7/23/2014 6:44:08 PM , Rating: 2
My point is there is a difference between Operating Profit and Net Profit and you were comparing Samsung's Operating Profit to Apple's Net profit.

RE: That's a lotta dough
By Monkey's Uncle on 7/23/2014 8:42:48 PM , Rating: 1
And picking nits doesn't change the facts that Samsung is no more hurting than Apple is.

I would not call $7B operating or net profit 'hurting' in any way.

RE: That's a lotta dough
By retrospooty on 7/24/2014 8:33:46 AM , Rating: 2
Exactly... Just a few years ago before Samsung and Apple's consistent multi-billion dollar quarters, companies were jumping up and down to make a couple hundred million in a quarter. Now, both companies growth rate is slowing and we act like its a bad thing. They were both growing so insanely fast, they cant possibly keep growing at that pace. If they did, the entire planet would be owned by the 2 companies by 2025. They are both stabilizing at or near record profit levels... That's a win win.

RE: That's a lotta dough
By ilt24 on 7/24/2014 10:04:35 AM , Rating: 2
I would not call $7B operating or net profit 'hurting' in any way.

I not saying Samsung is in financial trouble, they are a very profitable company. I was just saying that his comparison was wrong and trying to say profits for the two companies were about the same is also wrong.

A valid comparison that can be made with the pre-release numbers from Samsung is:

__Revenue = $50.3B
__Operating Profit = $7.1B
__OP/R = 14.1

__Revenue = $37.4B
__Operating Profit = $10.3B
__OP/R = 27.5

"We’re Apple. We don’t wear suits. We don’t even own suits." -- Apple CEO Steve Jobs

Latest Headlines
Inspiron Laptops & 2-in-1 PCs
September 25, 2016, 9:00 AM
The Samsung Galaxy S7
September 14, 2016, 6:00 AM
Apple Watch 2 – Coming September 7th
September 3, 2016, 6:30 AM
Apple says “See you on the 7th.”
September 1, 2016, 6:30 AM

Most Popular Articles5 Cases for iPhone 7 and 7 iPhone Plus
September 18, 2016, 10:08 AM
Laptop or Tablet - Which Do You Prefer?
September 20, 2016, 6:32 AM
Update: Samsung Exchange Program Now in Progress
September 20, 2016, 5:30 AM
Smartphone Screen Protectors – What To Look For
September 21, 2016, 9:33 AM
Walmart may get "Robot Shopping Carts?"
September 17, 2016, 6:01 AM

Copyright 2016 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki