Apple Announces Financial Results For Q4 Of The Fiscal 2014

Posted: Oct 22 2014, 1:54am CDT | by , in News | Apple

 

Apple announces financial results for Q4 of the fiscal 2014
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The result is an improvement over the $7.5 billion of net profit from $37.5 billion of revenue for the same quarter last year.

Apple’s financial results for the fourth quarter of this year have been released and they showed that the fruit giant took home a quarterly net profit of $8.5 billion or $1.42 per diluted share from $42.1 billion of revenue. The successful results showed a gross margin for the quarter is 38% which has shown an improvement over last quarter’s 37%.

We won’t be surprised at all to know that this improvement can be attributed to the increase in sales which was already expected. The above result is an improvement over the $7.5 billion of net profit from $37.5 billion of revenue for the same quarter last year and the main driving force behind this was the iPhone sales. The Cupertino giant has moved 39.2 million smartphones which is a substantial increase from the 33.8 million for the same quarter last year.

The mac sales have also been quite impressive with 5.52 million computers sold, going way beyond the expected $4.9 million. The iPad however didn’t surprise or impress us this time around since Apple sold 12.3 million slates which is quite less than the projected 13.1 million. The same quarter last year was better for the iPads when Apple managed to sell 14.1 million tablets.

source: apple

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<a href="/latest_stories/all/all/32" rel="author">Ahmed Humayun</a>
Ahmed Humayun is a technology journalist bringing you the hottest tech stories of the day.

 

 

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