Apple reports $45.6M revenue and 43.7M iPhone sales for Q2 2014
Apple has announced its second-quarter 2014 results, reporting earnings of $10.2 billion, or $11.62 per share, on $45.6 billion in revenue.
Although the Cupertino-based company didn't release any new products during its second quarter, which ended in March, it did pretty well compared to the year-ago quarter and even beat its own forecast of $42 billion to $44 billion. Apple reported $43.6 billion in revenue in the second quarter of 2013.
Apart from earnings, Apple claimed it sold 43.7 million iPhones, 16.3 million iPads, and 4.1 million Macs. Analysts largely expected Apple to sell an average of 38 million iPhones, 19.3 million iPads, and 4 million Macs. In the same quarter last year, Apple sold 37.4 million iPhones, 19.5 million iPads, and nearly 4 million Macs.
"We're very proud of our quarterly results, especially our strong iPhone sales and record revenue from services," said Tim Cook, CEO of Apple, in a statement. "We're eagerly looking forward to introducing more new products and services that only Apple could bring to market."
For the next quarter ending in June, Apple expects $36 billion to $38 billion in revenue. Because Apple predicted even less revenue for the coming months, it likely won't release any new or innovative products during Q3 2014 (aside from the usual WWDC refreshes). For comparison purposes, Apple reported $35.3 billion in its third quarter of 2013.