Apple reports $7.7 billion record quarterly profit

Apple on Tuesday reported a $7.7 billion profit for its fiscal quarter—revenue for the quarter was $37.4 billion. These results compare revenue of $35.3 billion and profit of $6.9 billion in the year ago quarter. International sales accounted for 59 percent of the quarter’s revenue.

“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 Tim Cook, Apple’s CEO. “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.”

Apple said it sold 35.2 million iPhones, 13.2 million iPads, 4.4 million Macs and 2.9 million iPods. In the year ago quarter, the company sold 31.2 million iPhones, 14.6 million iPads, 3.7 million Macs, and 4.5 million iPods.

Apple also 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.