Apple has announced financial results for its fiscal 2014 first quarter that ended Dec. 28, 2013. The company posted record quarterly revenue of US$57.6 billion and quarterly net profit of $13.1 billion, or $14.50 per diluted share.
These results compare to revenue of $54.5 billion and net profit of $13.1 billion, or $13.81 per diluted share, in the year-ago quarter. Gross margin was 37.9% compared to 38.6% in the year-ago quarter. International sales accounted for 63% of the quarter’s revenue.
The company sold 51 million iPhones, an all-time quarterly record, compared to 47.8 million in the year-ago quarter. Apple also sold 26 million iPads during the quarter, also an all-time quarterly record, compared to 22.9 million in the year-ago quarter. The company sold 4.8 million Macs, compared to 4.1 million in the year-ago quarter.
Apple’s Board of Directors has declared a cash dividend of $3.05 per share of the company’s common stock. The dividend is payable on...| Read more »