Apple’s Q3 2014: 35.2 Million iPhones Sold, $37.4 Billion in Revenue
Before today’s earnings call, analysts and investors alike had the same questions: How many iPhones did Apple sell in Q3? How did Apple perform in the profit margins chapter? But the numbers are in, and they don’t lie, as the company has published its Q3 earnings, announcing the sale of 35.2 million iPhones and $37.4 in revenue. Sales have generated a record net profit of $7.7 billion.
Here is the earnings report broken down by devices:
– 35.2 million iPhones
– 13.2 million iPads
– 4.4 million Mac computers
– 2.9 million iPods
– sales have generated $10.3 billion in cash.
“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.”
Wall Street analysts had high expectations for this quarter, saying Apple had surprised them lately with higher-than-expected sales numbers. In fact, JP Morgan analyst Katy Huberty’s Alphawise tracker had already pointed to record iPhone sales for Q3, raising the benchmark for a quarter that is usually low in sales, as customers sometimes hold off while waiting for the next-generation device.
“We generated $10.3 billion in cash flow from operations and returned over $8 billion in cash to shareholders through dividends and share repurchases during the June quarter,” said Luca Maestri, Apple’s CFO. “We have now taken action on over $74 billion of our $130 billion capital return program with six quarters remaining to its completion.”
Apple inked new partnerships during the quarter, which contributed to the rise in sales, as well as its recently inked deal with China Mobile.