Please wait while we load the requested 10-K report or click the link below:
Apple Reports Fourth Quarter Results
Strong iPhone, Mac & App Store Sales Drive Record September Quarter Revenue & Earnings
CUPERTINO, CaliforniaOctober 20, 2014Apple® today announced financial results for its fiscal 2014 fourth quarter ended September 27, 2014. The Company posted quarterly revenue of $42.1 billion and quarterly net profit of $8.5 billion, or $1.42 per diluted share. These results compare to revenue of $37.5 billion and net profit of $7.5 billion, or $1.18 per diluted share, in the year-ago quarter. Gross margin was 38 percent compared to 37 percent in the year-ago quarter. International sales accounted for 60 percent of the quarters revenue.
Apples board of directors has declared a cash dividend of $.47 per share of the Companys common stock. The dividend is payable on November 13, 2014, to shareholders of record as of the close of business on November 10, 2014.
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, Apples 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 Apples strongest product lineup ever. We are also incredibly excited about Apple Watch and other great products and services in the pipeline for 2015.
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 Luca Maestri, Apples CFO. We continued to execute aggressively against our capital return program, spending over $20 billion in the quarter and bringing cumulative returns to $94 billion.
Apple is providing the following guidance for its fiscal 2015 first quarter:
|||revenue between $63.5 billion and $66.5 billion|
|||gross margin between 37.5 percent and 38.5 percent|
|||operating expenses between $5.4 billion and $5.5 billion|
|||other income/(expense) of $325 million|
|||tax rate of 26.5 percent|
Apple will provide live streaming of its Q4 2014 financial results conference call beginning at 2:00 p.m. PDT on October 20, 2014 at www.apple.com/quicktime/qtv/earningsq414. This webcast will also be available for replay for approximately two weeks thereafter.
The following information was filed by Apple Inc (AAPL) on Monday, October 20, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
View differences made from one year to another to evaluate Apple Inc's financial trajectory
Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were
removed , and by Apple Inc.