On Monday Apple announced its fourth-quarter earnings reports, which managed to beat most of the Wall Street analysts’ estimates once again. The company has registered a net profit of $7.5 billion on sales of 33.8 million iPhones, 14.1 million iPads & 4.6 million Macs.
Apple has managed to sell a new record of 33.8 million iPhones, which is almost a 7 million increase over the 26.9 million iPhones Apple shipped in the year-ago quarter. iPad sales were almost identic, Apple selling 14.1 million iPads during the quarter, compared to 14 million in the year-ago quarter. This could be caused by the fact that the new iPads have been announced later than the iPhone 5s and the iPhone 5c.
The revenue this year was bigger than last year for Apple, $37.5 billion compared to $36 billion, but the reported net profits are smaller - $7.5 billion compared to $8.2 billion.
Apple Chief Executive Tim Cook said:
"We're pleased to report a strong finish to an amazing year with record fourth quarter revenue, including sales of almost 34 million iPhones. We're excited to go into the holidays with our new iPhone 5c and iPhone 5s, iOS 7, the new iPad mini with Retina Display and the incredibly thin and light iPad Air, new MacBook Pros, the radical new Mac Pro, OS X Mavericks and the next generation iWork and iLife apps for OS X and iOS."
Apple Chief Financial Officer Peter Oppenheimer added:
"We generated $9.9 billion in cash flow from operations and returned an additional $7.8 billion in cash to shareholders through dividends and share repurchases during the September quarter, bringing cumulative payments under our capital return program to $36 billion."
For its fiscal 2014 first quarter, Apple predicts the revenue to be between $55 billion and $58 billion with operating expenses between $4.4 billion and $4.5 billion.
Source:
Apple
