Apple announced its financial results for Q4 2014 this afternoon and the numbers were big.
Backed by strong iPhone and Mac sales, Apple posted $42.1 billion in quarterly revenue, with $8.5 billion net profits, or $1.42 per diluted share. Both profit and revenue for the quarter bested Apple’s previous record in the year ago quarter.
Sales of the iPhone hit 39.3 million units in the quarter, while iPad sales slumped to 12.3 million. Mac sales continued to surprise with 5.5 million thanks to back-to-school sales, and iPod sales were at 2.6 million units.
Apple also annouced that it is paying a dividend of $0.47 per share starting on November 14th, 2014. Regarding Apple’s earning, CEO Tim Cook released the following statement:
“Our fiscal 2014 was one for the record books, including the biggest iPhone launch ever with iPhone 6 and iPhone 6 Plus. 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.”
Apple CFO Luca Maestri says strong business performance led to a record #13.3 billion in cash flow during September. He also noted that the company is still agressively executing its capitol return program, with $20 billion in spending last quarter.
Buster Hein is a freelance writer who lives in Phoenix, Arizona. Twitter: @bst3r.
One response to “Apple rakes in $42.1 billion in revenue in Q4 2014”
Apple is Boomed!!