Black Friday 2014 Ads, Sales and Deals. Alert: Major Black Friday 2014 Sales are Live!
Menu
Target Black Friday Early Access Sale is Live

Target Black Friday Early Access Sale is Live

Top 100 Black Friday 2014 Deals You Need

Top 100 Black Friday 2014 Deals You Need

A Dozen Black Friday 2014 Sales That are Live Now

A Dozen Black Friday 2014 Sales That are Live Now

Top 10 Video Game Black Friday 2014 Deals

Top 10 Video Game Black Friday 2014 Deals

Top 10 Tablets for Black Friday 2014

Top 10 Tablets for Black Friday 2014

Apple Swings to Record Q2 Revenue and First Profit Drop in 10 Years

Apr 24 2013, 1:21am CDT | by , in News | Apple

Apple Swings to Record Q2 Revenue and First Profit Drop in 10 Years
 
 

Apple revealed solid numbers for the Q2 quarter, but as expected profit dropped for the first time in a decade. Apple has though an answer for investors.


Apple announced its Q2 Earnings and they are solid but contain the first profit drop in a decade due to sharply falling gross margins. Apple posted quarterly revenue of $43.6 billion and quarterly net profit of $9.5 billion, or $10.09 per diluted share. These results compare to revenue of $39.2 billion and net profit of $11.6 billion, or $12.30 per diluted share, in the year-ago quarter. Gross margin was 37.5 percent compared to 47.4 percent in the year-ago quarter. International sales accounted for 66 percent of the quarter’s revenue.

Apple sold 37.4 million iPhones in the quarter, compared to 35.1 million in the year-ago quarter. Apple also sold 19.5 million iPads during the quarter, compared to 11.8 million in the year-ago quarter. The Company sold just under 4 million Macs, compared to 4 million in the year-ago quarter.

“We are pleased to report record March quarter revenue thanks to continued strong performance of iPhone and iPad,” said Tim Cook, Apple’s CEO. “Our teams are hard at work on some amazing new hardware, software, and services and we are very excited about the products in our pipeline.”

“Our cash generation remains very strong, with $12.5 billion in cash flow from operations during the quarter and an ending cash balance of $145 billion,” said Peter Oppenheimer, Apple’s CFO.

Apple will use its cash to please investors. Apple will give investors $100 billion until the end of 2015. The company raises the dividend by 15% and will buyback stock for $60 billion. Tim Cook told investors to look at Apple as now a mature technology company and not as a fast paced startup.


Apple's CEO has also something for Apple fanboys. There are a lot of surprises in the works he said. Those surprises will come in the fall and in 2014. This really looks like that Apple will keep it calm until fall and not much will be coming out in Spring and Summer.

Black Friday 2014 Deals

Amazon Black Friday Deals Week
Walmart Black Friday Deals and Ads
Best Buy Black Friday Deals and Ads
Target Black Friday Deals and Ads
Apple Black Friday Deals and Ads
Sears Black Friday Deals and Ads
Dell Black Friday Deals and Ads
NewEgg Black Friday Deals and Ads
Kmart Black Friday Deals and Ads
 

Read the Latest

Target Black Friday Pre Sale offers $97 Beats by Dre Solo HD drenched Headphones

Target Black Friday Pre Sale offers $97 Beats by Dre Solo HD drenched Headphones Target offers a selection of Black Friday 2014 deals today in an early access Black Friday 2014 sale including the hot...

1 minute ago

$45 Imaginext Bat Bot is Target Black Friday Deal Today

$45 Imaginext Bat Bot is Target Black Friday Deal Today Target offers a selection of Black Friday 2014 deals today in an early access Black Friday 2014 sale including this hot...

28 minutes ago

Amazon Fire Phone is Now Available for Just $199

Amazon Fire Phone is Now Available for Just $199 Amazon has again dropped the price of its Fire Phone. The unlocked version is now available at $199 with one year of...

31 minutes ago

Video Games off 50% featured in Target Black Friday Pre Sale

Video Games off 50% featured in Target Black Friday Pre Sale Target offers a selection of Black Friday 2014 deals today in an early access Black Friday 2014 sale including a big 50...

58 minutes ago

$219.99 39-inch Vizio D390-B0 LED TV Target Black Friday Deal is Online

$219.99 39-inch Vizio D390-B0 LED TV Target Black Friday Deal is Online Target offers a selection of Black Friday 2014 deals today in an early access Black Friday 2014 sale including a hot...

1 hour ago

Just Dance 2015 Sale saves 50% in Amazon Black Friday Sale

Just Dance 2015 Sale saves 50% in Amazon Black Friday Sale Amazon offers a hot deal on the Just Dance 2015 game on all platforms.

2 hours ago

iPad Air mini 3 + $100 Gift Card Deal is selling now in Target Black Friday Sales

iPad Air mini 3 + $100 Gift Card Deal is selling now in Target Black Friday Sales Target offers a selection of Black Friday 2014 deals today in an early access Black Friday 2014 sale including the hot...

2 hours ago

iPad Air with $100 Gift Card Target Black Friday Deal is Online Now

iPad Air with $100 Gift Card Target Black Friday Deal is Online Now Target offers a selection of Black Friday 2014 deals today in an early access Black Friday 2014 sale including the hot...

2 hours ago

Target Black Friday Early Access Sale is Live

Target Black Friday Early Access Sale is Live Target offers a selection of Black Friday 2014 deals today in an early access Black Friday 2014 sale.

2 hours ago

Save 71% on Water Resistant Wireless Bluetooth Speaker with this Amazon Black Friday Deal

Save 71% on Water Resistant Wireless Bluetooth Speaker with this Amazon Black Friday Deal Amazon offers a hot deal on the Photive HYDRA Rugged Water Resistant Wireless Bluetooth Speaker.

2 hours ago

Twitter to buy Justin Bieber-Backed Photo Sharing App Shots

Twitter to buy Justin Bieber-Backed Photo Sharing App Shots Twitter CFO Anthony Noto is planning to expand the existing operations of Twitter by trying to buy another app.

2 hours ago

Big Amazon Black Friday Sale on Mattel and Fisher-Price Toys Released

Big Amazon Black Friday Sale on Mattel and Fisher-Price Toys Released Amazon offers up to 50% discount on select toys and games from Mattel and Fisher-Price.

3 hours ago

Samsung Blu-ray Players are up to 50% off in Amazon Black Friday Sale

Samsung Blu-ray Players are up to 50% off in Amazon Black Friday Sale Amazon offers up to 50% discount on select Samsung Blu-ray players with deals as low as $47.99.

3 hours ago

Victoria's Secret Black Friday 2014 Sale released

Victoria's Secret Black Friday 2014 Sale released The Victoria's Secret Black Friday 2014 deals have been released and Angel Card holders can already shop the...

3 hours ago

$99 Kindle and Kindle Unlimited Bundle is Deal in Amazon Black Friday Sale

$99 Kindle and Kindle Unlimited Bundle is Deal in Amazon Black Friday Sale Amazon offers a hot Kindle deal in the Amazon Black Friday 2014 deals week.

3 hours ago

Sony has Electronic-Paper Watch in the Pipeline

Sony to Launch an E-Paper Watch Next Year Sony has an electronic-paper watch somewhere in the pipeline.

3 hours ago

HP 15-g020dx 5 Item Laptop Bundle is Deal in Best Buy Black Friday Sale Today

HP 15-g020dx 5 Item Laptop Bundle is Deal in Best Buy Black Friday Sale Today The Best Buy Black Friday 2014 Sale has basically launched on Sunday with Best Buy offering deals advertised in the...

4 hours ago

Pablo Sandoval Signs 5-Year, $95M Deal With Boston Red Sox

Pablo Sandoval Signs 5-Year, $95M Deal With Boston Red Sox Former San Francisco Giants third baseman Pablo Sandoval signed a five-year, $95 million deal with a $17 million club...

10 hours ago

Less than 48 Hours left to enter the $500 Cash Black Friday Giveaway

Less than 48 Hours left to enter the $500 Cash Black Friday Giveaway You can win $500 in the I4U News Black Friday giveaway that will have a winner in time for Black Friday. Giveaway ends...

11 hours ago, 5:50pm CST

Jose Canseco and Leila Knight Part Ways Amid Verbal Abuse Accusation

Jose Canseco and Leila Knight Part Ways Amid Verbal Abuse Accusation Former major league slugger Jose Canseco and his fiancee, Leila Knight, parted ways after she accused him of verbally...

11 hours ago, 5:32pm CST

Comments

blog comments powered by Disqus