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.

  • Moltoveloce

    Doomed. DOOMED, I tells ya.

    • But the third derivative is no longer as positive as it once was!*

      [*]-I haven’t actually run numbers.

    • James Hughes

      Yes, analysts predicted that Apple would make 1 trillion in profit. Apple clearly fell well short of this estimate.

    • Jim McPherson

      They missed the average of a large number of idiots’ wild guesses. Expect the stock to plummet.

  • Lukas

    WTF is going on with the iPads?

    • Space Gorilla

      I would guess buying patterns have shifted to the back-to-school and holiday quarters. We have to keep in mind that the iPad was incredible out of the gate, sustaining that initial growth rate was not realistic, the iPad beat the iPhone to every early milestone. So now it’s only selling roughly the same per quarter as the top PC maker in the world. Not too bad. I’ll wait until q1 2015, see how things shake out. The iPad is a much longer upgrade cycle, that plays into it as well.

    • Jim McPherson

      Didn’t iPad beat expectations by a wide margin last quarter? Seems like some purchases got pulled forward more than anything.