Apple sells 35m iPhones, reports Q3 revenues of US$37.4bn

22 Jul 2014

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Tim Cook, CEO of Apple

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Apple reported third-quarter revenues of US$37.4bn, yielding the company a tidy US$7.7bn profit after selling 35.2m iPhone devices, 13.2m iPads and 4.4m Mac computers.

This is up from revenues of US$35.3bn last year and profits of US$5.9bn a year ago.

Gross margin was 39.4pc, up from 36.9pc last year.

“Our record June quarter revenue was fuelled 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.”

Dividend

Apple’s board of directors has declared a cash dividend of 47 cents per share of the company’s common stock which will be payable on 14 August.

“We generated US$10.3bn in cash flow from operations and returned over US$8bn 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 US$74bn of our US$130bn capital return programme with six quarters remaining to its completion.”

Editor John Kennedy is an award-winning technology journalist.

editorial@siliconrepublic.com