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Posts tagged with "earnings call"

Apple Q4 2014 Results: $42.1 Billion Revenue, 39.3 Million iPhones, 12.3 Million iPads Sold

Apple has published their Q4 2014 financial results for the quarter that ended September 27, 2014. The company posted revenue of $42.1 billion. The company sold 12.3 million iPads, 39.3 million iPhones, and 5.5 million Macs, earning a quarterly net profit of $8.5 billion.

“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.”

A new ‘Other’ category for Apple Watch in 2015

As noted by Bloomberg, starting next year, Apple will create a new ‘Other’ category for their financial results which will combine the sales of the new Apple Watch, iPod, Apple TV, Beats products and other accessories. The move will make it difficult to break out exact sales figures for the Apple Watch and is also different to how Apple treated the iPhone and iPad which from the first quarter received their own category.

“This gives Apple cover for the early months of Apple Watch sales at least,” said Jan Dawson, chief analyst and founder of Jackdaw Research. “If they’re low, the results will be buried with other product sales and hard for analysts to back out. But if they’re good, then Apple can still crow about them and split out results on an ad-hoc basis.” (via Bloomberg)

 

Notably, Apple’s gross margin was slightly higher at 38%, compared to 37% in the year-ago quarter. International sales also accounted for 60% of all Apple’s revenue. You can see all our usual earnings call charts below.

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Apple Announces Q4 2014 Conference Call for October 20

In an update to the Investor Relations website, Apple today announced their Q4 2014 earnings call, which will be held on Monday, October 20. As usual, Apple will provide a live webcast of the conference call.

Apple plans to conduct a conference call to discuss financial results of its fourth fiscal quarter on Monday, October 20, 2014 at 2:00 p.m. PT / 5:00 p.m. ET.

Apple’s Q4 2014 earnings call will likely provide another insight into the launch of the iPhone 6 and iPhone 6 Plus. Released in 10 countries on September 19 and subsequently rolled out in 22 additional countries on September 26, the iPhone 6 line set a new record for Apple by topping 4 million pre-orders in 24 hours and over 10 million units sold in the opening weekend. It’s also possible that the company may share details about iOS 8 adoption numbers (currently at 41%) and the launch of Yosemite, the next version of OS X that graduated to Golden Master status for registered developers today.

In the third quarter, Apple posted revenue of $37.4 billion. The company sold 13.3 million iPads, 35.2 million iPhones, and 4.4 million Macs, earning a quarterly net profit of $6.9 billion. In the year-ago quarter (Q4 2013), Apple posted revenue of $37.5 billion and sold 14.1 million iPads, 33.8 million iPhones, and 4.6 million Macs. For the fourth quarter of 2014, Apple has set its guidance to “between $37 billion and $40 billion” of revenue.

We will provide live updates from the conference call on our site’s homepage on October 20 starting at 2 PM PT.

Apple Q3 2014 Results: $37.4 Billion Revenue, 35.2 Million iPhones, 13.3 Million iPads Sold

Apple has published their Q3 2014 financial results for the quarter that ended June 28. The company posted revenue of $37.4 billion. The company sold 13.3 million iPads, 35.2 million iPhones, and 4.4 million Macs, earning a quarterly net profit of $6.9 billion.

“Our record June quarter revenue was fueled 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.”

Notably, Apple’s gross margin jumped back up to 39.4% this quarter, compared to 36.9% in the year-ago quarter. International sales also accounted for 59% of all Apple’s revenue. You can see all our usual earnings call charts below.

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Apple Q2 2014 Results: $45.6 Billion Revenue, 43.7 Million iPhones, 16.4 Million iPads Sold

Apple has published their Q2 2014 financial results for the quarter that ended on March 29, 2014. The company posted revenue of $45.6 billion. The company sold 16.4 million iPads, 43.7 million iPhones, and 4.1 million Macs, earning a quarterly net profit of $10.2 billion.

“We’re very proud of our quarterly results, especially our strong iPhone sales and record revenue from services,” said Tim Cook, Apple’s CEO. “We’re eagerly looking forward to introducing more new products and services that only Apple could bring to market.”

We’ve been a bit busy today with the launch of MacStories 4.0 so we weren’t able to do our usual ‘notes from the call’. But we do have our usual graphs below, so that you can quickly digest this quarter’s earnings results.

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Apple Announces Q2 2014 Conference Call For April 23

Apple’s second quarter earnings report and conference call will take place on April 23rd, 2014, according to an Investor Relations update on Apple’s website first noted by setteBIT. Apple will provide a live audio webcast of the event.

Apple plans to conduct a conference call to discuss financial results of its second fiscal quarter on Wednesday, April 23, 2014 at 2:00 p.m. PT / 5:00 p.m. ET.

In the first quarter of 2014, Apple posted revenue of $57.6 billion and sold 26 million iPads, 51 million iPhones, and 4.8 million Macs, earning a quarterly net profit of $13.1 billion.

For Q2 2014, Apple set its guidance at revenue between $42 billion and $44 billion, with gross margin between 37 percent and 38 percent. Apple didn’t release major new products in the second quarter, with the company expected to roll out new entries in the iPhone and iPad lines later this year. The second quarter will provide insight into the company’s post-holiday sales following a record-breaking first quarter; in early March, Apple announced that CFO Peter Oppenheimer will retire at the end of September 2014. During the quarter, Apple launched a cheaper version of the iPhone 5c in selected markets, retired the iPad 2, and relaunched the iPad 4 with a Lightning connector. Apple also released the first major update to iOS 7, iOS 7.1, six months after the OS’ debut.

In the year-ago quarter, Apple posted revenue of $43.6 billion. The company sold 19.5 million iPads, 37.4 million iPhones, and ”just under” 4 million Macs, earning a quarterly net profit of $9.5 billion.

We will provide live updates from the conference call on our site’s homepage on April 23rd starting at 2 PM PT.

Apple Q1 2014 Results: $57.6 Billion Revenue, 51 Million iPhones, 26 Million iPads Sold

 

Apple has published their Q1 2014 financial results for the quarter that ended on December 28, 2013. The company posted revenue of $57.6 billion. The company sold 26 million iPads, 51 million iPhones, and 4.8 million Macs, earning a quarterly net profit of $13.1 billion.

We are really happy with our record iPhone and iPad sales, the strong performance of our Mac products and the continued growth of iTunes, Software and Services,” said Tim Cook, Apple’s CEO. “We love having the most satisfied, loyal and engaged customers, and are continuing to invest heavily in our future to make their experiences with our products and services even better.

The quarter sets a new record for Apple: before today’s results, the company’s record was $54.5 billion revenue reported for Q1 2013. Read more

Apple Q3 2013 Results: $35.3 Billion Revenue, 31.2 Million iPhones, 14.6 Million iPads Sold

Apple has published their Q3 2013 financial results for the quarter that ended on June 29, 2013. The company posted revenue of $35.3 billion. The company sold 14.6 million iPads, 31.2 million iPhones, and 3.8 million Macs, earning a quarterly net profit of $6.9 billion.

We are especially proud of our record June quarter iPhone sales of over 31 million and the strong growth in revenue from iTunes, Software and Services,” said Tim Cook, Apple’s CEO. “We are really excited about the upcoming releases of iOS 7 and OS X Mavericks, and we are laser-focused and working hard on some amazing new products that we will introduce in the fall and across 2014.

The company generated $7.8 billion in cash flow from operations during the quarter. Read more

Apple Announces Q3 2013 Conference Call for July 23

Apple’s third quarter earnings report and conference call will take place on July 23rd, 2013, according to an Investor Relations update on Apple’s website first noted by 9to5mac. Apple will provide a live audio webcast of the event.

Apple plans to conduct a conference call to discuss financial results of its third fiscal quarter on Tuesday, July 23, 2013 at 2:00 p.m. PT / 5:00 p.m. ET.

In the second quarter (which ended on March 30, 2013), Apple posted revenue of $43.6 billion. The company sold 19.5 million iPads, 37.4 million iPhones, and  ”just under” 4 million Macs, earning a quarterly net profit of $9.5 billion. The company ended the quarter with a cash balance of $145 billion.

In April, Apple posted its guidance for the third quarter, with revenue set between $33.5 billion and $35.5 billion and operating expenses between $3.85 billion and $3.95 billion. During the quarter, Apple hit the milestone of 50 billion apps downloaded from the App Store, introduced a new low-end iPod touch, and held its annual Developers Conference in San Franisco, where it released an updated line of MacBook Airs and announced new versions of iOS and OS X coming this Fall. Apple also previewed the new Mac Pro, a completely redesigned new machine coming later this year.

In the year-ago quarter, Apple posted revenue of $35 billion, with 17 million iPads, 26 million iPhones and 4 million Macs sold. Last year, Apple held its Q3 2012 earnings call on July 24, and released OS X Mountain Lion on July 25. Apple’s Q3 2013 call will provide insight into sales of the iPhone and iPad over the past months, which lacked updates to both lines. On July 23, the iPhone 5 will reach the 305th day of its cycle, and the iPad mini its 263rd.

We will provide live updates from the conference call on our site’s homepage on July 23rd starting at 2 PM PT.

Apple Q4 2012 Results: $36 Billion Revenue, 26.9 Million iPhones, 14 Million iPads, 4.9 Million Macs Sold

Apple has just posted their Q4 2012 financial results for the quarter that ended on September 29, 2012. The company posted revenue of $36 billion ($8.67 per diluted share), with 14 million iPads, 26.9 million iPhones and million 4.9 Macs sold. Apple sold 5.3 million iPods. The company reported quarterly net profit of $8.2 billion. Gross margin was 40.0 percent compared to 40.3 percent in the year-ago quarter. International sales accounted for 60 percent of the quarter’s revenue.

In this quarter, Apple’s Board of Directors has declared a cash dividend of $2.65 per share of the Company’s common stock.

The dividend is payable on November 15, 2012, to shareholders of record as of the close of business on November 12, 2012.

From the press release:

We’re very proud to end a fantastic fiscal year with record September quarter results,” said Tim Cook, Apple’s CEO. “We’re entering this holiday season with the best iPhone, iPad, Mac and iPod products ever, and we remain very confident in our new product pipeline.

We’re pleased to have generated over $41 billion in net income and over $50 billion in operating cash flow in fiscal 2012,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the first fiscal quarter of 2013, we expect revenue of about $52 billion and diluted earnings per share of about $11.75.

Estimates and Previous Quarters

For Q4 2012, Apple had set its guidance at revenue of about $34 billion and diluted earnings per share of about $7.65.

The Street consensus’ average estimate was earnings of $8.75 per share and revenue of $35.80 billion.

On October 24, 2012, both independent and “pro” analysts polled by Fortune (68 in total) forecasted earnings and revenue higher than Apple’s guidance, as it often happens.

After getting clobbered quarter after quarter for nearly four years by a bunch of bloggers, day traders and other amateur analysts, the professionals seem to be giving their clients more realistic numbers. And having badly misjudged two of the last four quarters, the more bullish independents have, for the most part, started to come back to earth.

In Fortune’s poll, the “pros” averaged earnings per share of $8.82 on sales of $36.02 billion; the independent analysts forecasted earnings of $10.14 on sales of $38.8 billion.

Horace Dediu of Asymco also published his forecast for Apple’s fourth fiscal quarter on September 20, 10 days before the quarter (and fiscal year) ended. As he notes, it’ll be difficult to predict iPhone sales for the quarter as consumers have been probably holding off their purchase due to rumors of a product refresh. Furthermore, the iPhone 5 has only been on sale during the quarter for 8 days: the device went on sale in 9 countries on September 21, and 22 more on September 28. Apple only stated that iPhone 5 sales topped over 5 million units during the opening weekend.

The iPhone is going to be extremely difficult to project. On one hand we have the launch of the i5 which will account for about 10 million units in the quarter, on the other, chances are that sales were very weak prior to the launch as purchases were being deferred even more than during the last quarter.

Horace Dediu’s forecast was the following:

  • iPhone units: 27.8 million (62%)
  • Macs: 5.6 million (15%)
  • iPads: 18.8 million (69%)
  • iPods: 5.6 million (–15%)
  • Music (incl. app) rev. growth: 40%
  • Peripherals rev. growth: 10%
  • Software rev. growth: 15%
  • Total revenues: $39.5 billion (40%)
  • GM: 42%
  • EPS: $9.75 (38%)

A better picture of iPhone 5 sales, as well as those from the iPad mini, iPad 4, and recently-updated Macs, will be offered by Apple’s current holiday quarter – Q1 2013.

In the previous quarter, Q3 2012, Apple posted revenue of $35 billion, with 17 million iPads, 26 million iPhones and 4 million Macs sold. iPhone represented a 28 percent unit growth over the year-ago quarter, while iPad reported a 84 percent unit increase over the year-ago quarter. Apple sold 6.8 million iPods, a 10 percent unit decline from the year-ago quarter. The company posted quarterly net profit of $8.8 billion, or $9.32 per diluted share. International sales accounted for 62 percent of the quarter’s revenue.

In the year-ago-quarter, Q4 2011, Apple posted record-breaking revenue of $28.27 billion, with 11.12 million iPads, 17.07 million iPhones and 4.89 million Macs sold.

Apple will provide a live audio feed of its Q4 2012 conference call at 2:00 PM PT, and we’ll update this story with the conference highlights. You can find the full press release and a graphical visualization of Apple’s Q4 2012 after the break. Read more