Apple’s 2014 Q2: 43.7 Million iPhones Sold, $45.6 Billion in Revenue
All eyes were on Apple today: How many iPhones did the company sell between January and the end of March? Well, the numbers are in: The Cupertino company published its 2014 Q2 earnings and announced the sale of 43.7 million iPhones and $45.6 billion in revenue, generating a net profit of $10.2 billion. Sales numbers below:
– 43.7 million iPhones
– 16.3 million iPads
– 4.1 million Macs
– Sales have generated $13.5 billion in cash.
“We’re very proud of our quarterly results, especially our strong iPhone sales and record revenue from services,” said Tim Cook, Apple’s CEO. “We’re eagerly looking forward to introducing more new products and services that only Apple could bring to market.”
Wall Street analysts have been very conservative on Apple’s Q2 sales, but as the company’s quarterly results show, the iPhone maker is poised to grow. Six days ago, Fortune’s Philip Elmer-DeWitt compiled a list of iPhone sales forecasts: The average estimate stood at 38.2 million, hardly above the numbers posted a year ago.
Apple is looking forward to the next quarter with the following forecast:
• revenue between $36 billion and $38 billion
• gross margin between 37 percent and 38 percent
• operating expenses between $4.4 billion and $4.5 billion
• other income/(expense) of $200 million
• tax rate of 26.1 percent
As it turns out, Apple’s new partners — China Mobile and several Russian telecoms — have indeed helped the company to increase sales, as has the strategic move of introducing a cheaper 8GB version of the iPhone.