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Posts tagged with "earnings"

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 Announces Q3 2014 Conference Call for July 22

Apple’s third quarter earnings report and conference call will take place on July 22nd, 2014, according to an Investor Relations update on Apple’s website first noted by setteBIT. Apple will provide a live audio webcast of the call.

Apple plans to conduct a conference call to discuss financial results of its third fiscal quarter on Tuesday, July 22, 2014 at 2:00 p.m. PT / 5:00 p.m. ET.

In the second quarter of 2014, Apple posted revenue of $45.6 billion and sold 16.4 million iPads, 43.7 million iPhones, and 4.1 million Macs, earning a quarterly net profit of $10.2 billion.

For Q3 2014, Apple set its guidance at revenue between $36 billion and $38 billion, with gross margin between 37 percent and 38 percent. Apple didn’t release major new products since their Q2 earnings call, but updated its MacBook Air line with faster processors and announced its acquisition of Beats Electronics and Beats Music for a total of $3 billion. The company also recently introduced a new entry-level iMac and upgraded its low-end iPod touch, but, more notably, held its annual WWDC in San Francisco where they announced iOS 8, OS X Yosemite, and a variety of new technologies that will launch this Fall. Apple is rumored to introduce new versions of the iPhone, iPad, as well as a wearable device later this year.

In the year-ago quarter, Apple 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 will provide live updates from the conference call on our site’s homepage on July 22nd starting at 2 PM PT.

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 2013 Results: $54.5 Billion Revenue, 47.8 Million iPhones, 22.9 Million iPads, 4.1 Million Macs Sold

Apple has just posted their Q1 2013 financial results for the quarter that ended in December 2012. The company posted revenue of $54.5 billion ($13.81 per diluted share), with 22.9 million iPads, 47.8 million iPhones and million 4.1 Macs sold. Apple sold 12.7 million iPods. The company reported quarterly net profit of $13.1 billion.

We’re thrilled with record revenue of over $54 billion and sales of over 75 million iOS devices in a single quarter,” said Tim Cook, Apple’s CEO. “We’re very confident in our product pipeline as we continue to focus on innovation and making the best products in the world.”

“We’re pleased to have generated over $23 billion in cash flow from operations during the quarter,” said Peter Oppenheimer, Apple’s CFO. “We established new all-time quarterly records for iPhone and iPad sales, significantly broadened our ecosystem, and generated Apple’s highest quarterly revenue ever.

Compared to last year’s Q1 – which had an extra week – Apple made $8.2 billion more revenue, but the same profit. Read more

Apple Announces Q1 2013 Conference Call for January 23

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

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

For the fourth fiscal quarter of 2012 (which ended on September 29th), Apple posted revenue of $36 billion ($8.67 per diluted share), with 14 million iPads, 26.9 million iPhones and million 4.9 Macs sold. In Q4 2012, the company reported quarterly net profit of $8.2 billion, and the entire 2012 fiscal year generated $156.53 billion revenue for Apple.

The first fiscal quarter is traditionally the biggest quarter of the year for the company, as it directly follows the holiday season, including sales for Thanksgiving/Black Friday in the US and Christmas. Q1 2013 will provide a first real insight into sales of the iPad mini, and it will offer details on the iPhone 5’s performances following several international launches in the past few months (international sales accounted for 60 percent of Apple’s revenue in Q4 2012) and the fact that, when Q4 2012 ended on September 29th, the device had only been out for 8 days in 9 countries (where it was released on September 21st).

On December 3rd, the iPhone 5 was available in 47 countries; after Apple’s announcement, the availability of the device jumped to 102 countries by the end of December 2012, with an average of 1.04 countries added in 98 days since the first rollout on September 14th (when pre-orders were launched). In mid-December, Apple announced that first weekend sales of the iPhone 5 in China topped 2 million units.

As for the iPad, the WiFi version of the mini went on sale on November 2 in 34 countries alongside the fourth generation model. Various international rollouts followed the initial launch; Apple also started releasing the WiFi + Cellular version of the iPad mini in mid-November. On November 5th, Apple announced it had sold 3 million iPads (mini + 4th gen) in three days. For context, the 3rd generation iPad launched in 10 initial countries, and then rolled out to 25 more a week later; both WiFi and WiFi + Cellular versions of the 3rd generation iPad were available at launch.

In its guidance for the upcoming first fiscal quarter, Apple said they are expecting “revenue of about $52 billion and diluted earnings per share of about $11.75”; it’s worth keeping in mind how Apple usually “lowballs” its guidance, subsequently “beating” analysts’ (and their own) expectations.

We will provide live updates from the conference call on our site’s homepage on January 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