Apple has announced the financial results for its fiscal 2014 third quarter that ended June 28. The company posted quarterly revenue of US$37.4 billion and quarterly net profit of $7.7 billion, or $1.28 per diluted share.
These results compare to revenue of $35.3 billion and net profit of $6.9 billion, or $1.07 per diluted share, in the year-ago quarter. Gross margin was 39.4% compared to 36.9% in the year-ago quarter. International sales accounted for 59% of the quarter’s revenue.
Apple’s board of directors has declared a cash dividend of $.47 per share of the Company’s common stock. The dividend is payable on August 14, 2014, to shareholders of record as of the close of business on August 11, 2014.
"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," says CEO Tim Cook. "We are incredibly excited about the upcoming...| Read more »