Strong iPhone sales will likely lead to record earnings. Photo: Roberto Baldwin/The Next Web
Apple is set to announce record-breaking earnings tomorrow for its 2014 holiday quarter. Apple projected making $63.5 billion to $66.5 billion in revenue, but Wall Street’s consensus is that the company will blow past its own guidance and report revenue closer to $68 billion.
That’s about $20 billion more than Google’s last three quarters of revenue combined.
Growth will likely be fueled by strong iPhone sales, although the Mac is also projected to reach record sales.
Record iPhone sales keep Apple’s money machine humming. Photo: Apple
Apple surpassed analysts’ expectations with $42.1 billion in revenue in the back-to-school season, buoyed by unprecedented iPhone sales and surprisingly strong demand for Macs.
While breaking down the Q4 2014 numbers during today’s earnings call, Apple CEO Tim Cook and CFO Luca Maestri offered insights into the company’s Q4 performance in China, the struggling iPad and hints of new product categories coming down the pipeline.
Tim Cook takes the stage at the iPhone 6/Apple Pay event in Cupertino, California. Photo: Apple
Tim Cook and CFO Luca Maestri are getting ready to follow up the launch of Apple Pay by revealing Apple’s Q4 earnings with investors this afternoon. The results are expected to be record breaking, anchored by the unprecedented demand of the iPhone 6 and 6 Plus.
Apple’s earnings call will reveal just how much money the company raked in over the past three months and we’ll be here to liveblog whole thing. AAPL shares are up 1.60% this afternoon, with the earnings expected to arrive shortly after the market closes, so keep this page open for the full scoop on how ridiculously profitable Apple was last quarter.
Apple fell just shy of Wall Street’s third-quarter revenue predictions but came in well within its own guidance, bringing in $37.4 billion gross and $7.7 billion in profit for Q3 2014.
iPhone sales were modest at best, but that’s probably because everyone is waiting for the iPhone 6 in September.
Apple sold 35 million iPhones, 13.2 million iPads and 4.4 million Macs in the just-ended quarter, the company announced Tuesday just prior to its Q3 earning call. That’s decent for what’s traditionally the company’s slowest quarter of the year, but they’re not numbers to sing about—which is why Apple is steering everyone’s attention to what it has planned for the coming months.
Apple has announced its earnings for this past holiday quarter, and the results are a doozy. The company reported $57.6 billion in revenue, which is an all-time record. 51 million iPhones and 26 million iPads were sold, which are both records as well.
This quarter’s results are particularly important for Apple because of all the new hardware it announced before Christmas. The iPhone is obviously selling well, but the iPad’s growth is insane when you consider that Apple only sold 14 million units in Q1 of 2013.
Two years ago, Apple overtook Exxon as the world’s most valuable company. It was a heck of a feat for a Silicon Valley company: for the first time, the world seemed to value silicon computer chips more than the bubbling, black goo of long dead dinosaurs. The future seemed rosy, and in the following months, Apple’s share price eventually rose to over $700 a share… before cratering thanks to bizarre Wall Street pessimism.
Somehow, though, even though analysts are bleaker about Apple’s futures than they have ever been, Cupertino has once more managed to claw the title of world’s most valuable company from Exxon. How?
Apple has revealed that it will announce its official earnings for the second fiscal quarter of 2013 on Tuesday, April 23rd. The call will be held at 2:00 P.M. Pacific, and anyone can stream it from Apple’s Investors Relations page.
After weeks of wild price swings, Apple’s stock closed today at its highest value ever, $420 a share. The previous high was about $413; many were expecting that value to fall tremendously when (my hero) Steve Jobs passed, but to much surprise Apple’s stock remained relatively unaffected by his passing.
The new high comes right before Apple’s Q4 FY11 earnings report and conference call next week (Tuesday, Oct. 18th). This will of course be their first earnings call since Steve Jobs’ passing, and though I think the report will be their usual “we made ALL the money we win” type, whatever success they have had will surely be sobered by the loss of their visionary CEO and friend Steve Jobs.