Apple announces quarterly earnings of $42.1 billion.
Today Apple, Inc. released its fourth quarter earnings and reported strong iPhone, Mac and App Store sales. The fourth quarter ended September 27, 2014 and included the launch of the iPhone 6 and 6 Plus. The company posted quarterly revenue of $42.1 billion and a net profit of $8.5 billion. These results compare to 2013’s fourth quarter earnings of $37.5 billion and a net profit of $7.5 billion. The gross margin was 38% compared to 37% one year ago. International sales accounted for 60% of the quarter’s revenue.
“Our fiscal 2014 was one for the record books, including the biggest iPhone launch ever with iPhone 6 and iPhone 6 Plus,” said Tim Cook, Apple’s CEO. “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.”
Apple’s board of directors declared a cash dividend of $0.47 per share of the company’s common stock. This is payable on November 13, 2014 to shareholders of record as of the close of business on November 10, 2014.
For more information, visit apple.com.