Apple crushes Sept. quarter record, earning $8.5B profit on sales of 39M iPhones, 5.5M Macs

Posted:
in AAPL Investors edited October 2014
Apple officially closed out fiscal 2014 on Monday with the results from another record setting quarter, with the just-concluded September frame resulting in $8.5 billion in net profit on revenue of $42.12 billion, driven largely by the hugely profitable iPhone and including the newly launched iPhone 6 series.

iPhone 6, 6+


Total iPhone sales for the quarter ending Sept. 27 were 39.27 millions, a new quarterly record from the company and up from 37.79 million units a year ago. Mac sales were also at a new all-time high for the company, reaching 5.5 million units in the three-month period, up more than a million compared the September 2013 quarter.

Apple's revenue of $42.12 billion was up from $37.47 billion in the September 2013 quarter, and also exceeded market expectations of around $40 billion. It also came in above Apple's guidance range.
The iPhone set a new quarterly record, while the Mac achieved a new all-time high in the September quarter. iPad sales were down, however.
Net profit was $8.5 billion, or $1.42 per diluted share, comparing to $7.5 billion in net profit, or $1.18 per diluted share a year ago. Gross margins were also up to 38 percent this year, compared to 37 percent from 2013.

iPad sales for the quarter were at 12.3 million, another year over year decline from the 13.1 million the company shipped a year ago. The iPad will see a refresh this week when the new iPad Air 2 and iPad mini 3 begin shipping to consumers in time for the lucrative holiday shopping season.




"Our fiscal 2014 was one for the record books, including the biggest iPhone launch ever with iPhone 6 and iPhone 6 Plus," said Apple Chief Executive Tim Cook. "With amazing innovations in our new iPhones, iPads and Macs, as well as iOS 8 and OS X Yosemite, we are heading into the holidays with Apple's strongest product lineup ever. We are also incredibly excited about Apple Watch and other great products and services in the pipeline for 2015."

The quarter included just over a week of iPhone 6 and iPhone 6 Plus sales. Apple does not break down figures based on individual models, so it's unknown how many were shipped aside from the 10 million that hit store shelves for the September launch weekend.

The company's board of directors also declared a cash dividend of $.47 per share of its common stock. The dividend is payable on Nov. 13 to shareholders of record as of the close of business on Nov. 10.

Looking forward to the first fiscal quarter of 2015, which runs through late December, Apple is guiding revenue between $63.5 billion and $66.5 billion, and gross margins between 37.5 percent and 38.5 percent. It expects operating expenses between $5.4 billion and $5.5 billion, with other income of $325 million, and a tax rate of 26.5 percent.

"Our strong business performance drove EPS growth of 20 percent and a record $13.3 billion in cash flow from operations in the September quarter," said Apple Chief Financial Officer Luca Maestri. "We continued to execute aggressively against our capital return program, spending over $20 billion in the quarter and bringing cumulative returns to $94 billion."
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Comments

  • Reply 1 of 75
    Samsung: Oct 7 earnings reported uncertainty and cautiously expects seasonal demand for new smartphones.

    Apple: checkmate.
  • Reply 2 of 75
    Overall the numbers looks great, but I am sure the investors will poo poo on declining iPad numbers again...
  • Reply 4 of 75
    totaltotal Posts: 83member

    iphone units growth +4% YoY, not impressive. Supply constraints or not everyone "loves" bigger phones? Overall decent results, but stock price seems to stay around $100 for now.

  • Reply 5 of 75
    melgrossmelgross Posts: 33,573member
    Very impressive quarter. Haven't seen numbers for Macs yet, and I'm too lazy today to look it up on Apple's site.
  • Reply 6 of 75
    MONEY!
  • Reply 7 of 75
    melgrossmelgross Posts: 33,573member
    Quote:

    Originally Posted by total View Post

     

    iphone units growth +4% YoY, not impressive. Supply constraints or not everyone "loves" bigger phones? Overall decent results, but stock price seems to stay around $100 for now.


    Mostly supply. 6+ is out most everywhere, and the 6 is out in a number of places as well.

  • Reply 8 of 75
    rogifanrogifan Posts: 10,669member
    melgross wrote: »
    Very impressive quarter. Haven't seen numbers for Macs yet, and I'm too lazy today to look it up on Apple's site.
    I believe it was 5.5M
  • Reply 9 of 75
    Quote:
    Originally Posted by total View Post

     

    iphone units growth +4% YoY, not impressive. Supply constraints or not everyone "loves" bigger phones? Overall decent results, but stock price seems to stay around $100 for now.




    This is for the quarter just completed and the new iPhones the 6 and 6 plus won't show significant sales volume until the current fiscal 1st quarter of 2015 concludes 3 months from september 27th.  The new iPhones have only been on sale from the 19th of September forward. So only 9 days of the fiscal 4th quarter were the new iPhones the 6 and the 6 Plus counted towards the fiscal 4th quarter of 2014.  The majority of this just concluded fiscal 4th quarter of 2014 was the sales of the iPhone 5s, 5c and 5.   This is huge especially when you compare this to the fact that the older iPhones are outselling the Galaxy s5 samsung newest flagship phone.  The quarter to watch for the sales of the new iPhones is the fiscal 1st quarter of 2015 that we just started september 28th.

  • Reply 10 of 75
    melgrossmelgross Posts: 33,573member
    Quote:

    Originally Posted by melgross View Post



    Very impressive quarter. Haven't seen numbers for Macs yet, and I'm too lazy today to look it up on Apple's site.

    Oop's, its here now.

  • Reply 11 of 75
    rogifanrogifan Posts: 10,669member
    total wrote: »
    iphone units growth +4% YoY, not impressive. Supply constraints or not everyone "loves" bigger phones? Overall decent results, but stock price seems to stay around $100 for now.
    This quarter barely includes 6/6 Plus sales. Most of those sales will be counted next quarter.
  • Reply 12 of 75
    totaltotal Posts: 83member

    or maybe just current article is wrong, because i see last year 33,8M iphones, so it is +16% YoY .. which is nice! so maybe guidance is weaker and that is the reason stock is not $110 

  • Reply 13 of 75
    melgrossmelgross Posts: 33,573member
    <div class="quote-container" data-huddler-embed="/t/182937/apple-crushes-sept-quarter-record-earning-8-5b-profit-on-sales-of-39m-iphones-5-5m-macs#post_2623540" data-huddler-embed-placeholder="false">Quote:<div class="quote-block">Originally Posted by <strong>Rogifan</strong> <a href="/t/182937/apple-crushes-sept-quarter-record-earning-8-5b-profit-on-sales-of-39m-iphones-5-5m-macs#post_2623540"><img alt="View Post" src="/img/forum/go_quote.gif" /></a><br /><br /><br />I believe it was 5.5M</div></div><p>Yeah, wasnt here earlier.</p>
    rogifan wrote: »
    I believe it was 5.5M

    Yeah, wasn't there earlier. Impressive. This quarter is usually the biggest for most of their sales.
  • Reply 14 of 75
    totaltotal Posts: 83member
    Quote:

    Originally Posted by sog35 View Post

     

     

    iPhone YoY is 15%

     

    39.27 million vs 33.8 million last year


    yes, it is wrong in article they say 37,79 ...

  • Reply 15 of 75
    rogifanrogifan Posts: 10,669member
    stardustag wrote: »
    Overall the numbers looks great, but I am sure the investors will poo poo on declining iPad numbers again...
    It helps that Mac sales are doing well. But I think the weak iPad numbers give Microsoft more confidence in Surface. I don't see Surface going anywhere anytime soon.
  • Reply 16 of 75
    512ke512ke Posts: 782member
    Quote:

    Originally Posted by sog35 View Post

     

    iPhone units up 15%

    iPad down 5%

    Mac's up 20%!!!!!!

     

    iPad probably down because most were waiting for upgrade plus canibalization from 6 PLUS.

     

    All I can say is the big phones have been a MASSIVE SUCCESS!!

     

    And unlike last year these numbers DON'T INCLUDE CHINA!!!!

     

    High guidance is forecasting 15% revenue growth for Dec quarter.


     

    This is one of the most important points -- iPhone sales are up by a healthy margin WITHOUT China, comparing to last year WITH China.

     

    This bodes well for this current quarter.

     

    iPads?  Well, if Apple isn't selling tablets, no one is.  

  • Reply 17 of 75
    magman1979magman1979 Posts: 1,299member
    total wrote: »
    iphone units growth +4% YoY, not impressive. Supply constraints or not everyone "loves" bigger phones? Overall decent results, but stock price seems to stay around $100 for now.
    Uh, you know they can only pump out a certain number of iPhone's right? Based on the long lines to this day, demand is far outstripping supply, so had they made double the number of units, they'd have sold, so your statement is meaningless...
  • Reply 18 of 75

    As one of the people thinking that no one would ever buy big screen iphones, I'm eating massive crow right now and I fully admit I was wrong.

  • Reply 19 of 75
    maestro64maestro64 Posts: 5,043member

    Can not wait to see how IDC gets apple numbers wrong again. They probably in the other list of computers, phone and tables for the past quarter.

  • Reply 20 of 75
    pdq2pdq2 Posts: 270member

    This is particularly impressive and satisfying in the context of everyone else faltering.

     

    I dunno- I think Apple is standing alone at the top of the tech world right now.

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