Category: Apple Financials

Week Summary: Apple Shows Off Latest Green Initiative, Yosemite Beta Goes Public, Earnings Hold Steady. R&D Spend Soars, Newest Ad Continues to Show New Colours

OS X Yosemite running on MAcBook Pro | Image courtesy of Apple

OS X Yosemite running on MacBook Pro | Image courtesy of Apple

Weekly summary of stories from across the World of Apple during the week commencing 21st July, 2014. An attempt to summarise the more interesting stories from the week and lace them in observation and comment.

Apple Shows Off Solar Array

Towards the end of the week Apple granted a bunch of journalists a tour of Apple’s latest green iniative, a huge solar array farm in Maiden, North Carolina. Capable of producing 20MW of energy, it allows Apple the peace of mind that it now outstrips its competitors with energy friendly schemes and for once has GreenPeace looking on and saying positive remarks—calling Apple the “gold standard”.

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Apple Announces Q314 Profit of $7.7 Billion on Revenue of $37.4 Billion

iPad Unit sales (Quarterly Q310 - Q314)

iPad Unit sales (Quarterly Q310 – Q314)

Apple today announced financial results for its third fiscal quarter of 2014 which ran from March 30, 2014 until June 30. Apple posted revenue of $37.4 billion and net quarterly profit of $7.7 billion, or $1.28 per diluted share (adjusted for stock split). These results compare to revenue of $35.3 billion and net profit of $6.9 billion, or $1.07 per diluted share, in the year-ago quarter.

Gross margin was 39.4 percent compared to 36.9 percent in the year-ago quarter. International sales accounted for 59 percent of the quarter’s revenue.

Apple reported the following number of shipments for its products during the quarter:

  • 35.2 million iPhones compared to 31.2 million in the year-ago-quarter
  • 13.2 million iPads compared to 14.6 million in the year-ago-quarter
  • 4.4 million Macs compared to 3.8 million in the year-ago quarter
  • 2.9 million iPods compared to 4.5 million in the year-ago quarter.

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Apple Announces Q214 Profit of $10.2 Billion, Revenue of $45.6 Billion

AAPL Quarterly Earnings (Q214)

Apple’s Quarterly Earnings until Q214

Apple today announced financial results for its second fiscal quarter of 2014 which ran from January 1, 2014 until March 29. Apple posted revenue of $45.6 billion and net quarterly profit of $10.2 billion, or $11.62 per diluted share. These results compare to revenue of $43.6 billion and net profit of $9.54 billion, or $10.09 per diluted share, in the year-ago quarter.

Gross margin was 39.3 percent compared to 37.5 percent in the year-ago quarter. International sales accounted for 66 percent of the quarter’s revenue.

Apple reported the following number of shipments for its products during the quarter:

  • 43.7 million iPhones compared to 37.4 million in the year-ago-quarter
  • 16.35 million iPads compared to 19.5 million in the year-ago-quarter
  • 4.1 million Macs compared to 3.95 million in the year-ago quarter
  • 2.76 million iPods compared to 5.63 million in the year-ago quarter.

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A Tale of Two Giants

Today Apple announced the results of its fiscal first quarter of 2014, the period of time running from October to the end of December. This is historically Apple’s largest quarter, obviously because it incorporates the massive holiday shopping season, and this one didn’t disappoint. Apple breached more records than normal; setting record quarterly revenue, record iPhone sales, and record iPad sales. However it isn’t all up and up, and what about Samsung, how are they fairing?

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Apple Posts Q114 Revenue of $57.6bn, Profit $13.1bn

Apple's actual quarterly revenue and lower bound estimates

Apple’s actual quarterly revenue and lower bound estimates

Apple today announced financial results for its first fiscal quarter of 2014 which ran from October 1, 2013 until December 31. Apple posted revenue of $57.6 billion and net quarterly profit of $13.1 billion, or $14.50 per diluted share. These results compare to revenue of $54.5 billion and net profit of $13.1 billion, or $13.87 per diluted share, in the year-ago quarter.

Gross margin was 37.9 percent compared to 38.6 percent in the year-ago quarter. International sales accounted for 63 percent of the quarter’s revenue.

Apple reported the following number of shipments for its products during the quarter:

  • 51 million iPhones compared to 47.8 million in the year-ago-quarter
  • 26 million iPads compared to 22.9 million in the year-ago-quarter
  • 4.8 million Macs compared to 4.1 million in the year-ago quarter
  • 6 million iPods compared to 12.6 million in the year-ago quarter.
Quarterly iPhone Unit Sales (millions)

Quarterly iPhone Unit Sales (millions)

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Apple Reports Q413 Revenue of $37.5 Billion, Profit $7.5bn

Apple today announced financial results for its fourth fiscal quarter of 2013 which ran from July 1, 2013 until September 30. Apple posted revenue of $37.5 billion and net quarterly profit of $7.5 billion, or $8.26 per diluted share. These results compare to revenue of $36 billion and net profit of $8.2 billion, or $8.67 per diluted share, in the year-ago quarter.

Gross margin was 37 percent compared to 40 percent in the year-ago quarter. International sales accounted for 60 percent of the quarter’s revenue.

Apple reported the following number of shipments for its products during the quarter:

  • 33.8 million iPhones compared to 26.9 million in the year-ago-quarter
  • 14.1 million iPads compared to 14 million in the year-ago-quarter
  • 5.6 million Macs compared to 4.9 million in the year-ago quarter
  • 3.5 million iPods compared to 5.3 million in the year-ago quarter.

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Apple Holds Strong With Q313 Revenue of $35.3 Billion

Apple today announced financial results for its third fiscal quarter of 2013 which ran from January April 1, 2013 until June 30. Apple posted revenue of $35.3 billion and net quarterly profit of $6.9 billion, or $7.47 per diluted share. These results compare to revenue of $35 billion and net profit of $8.8 billion, or $9.32 per diluted share, in the year-ago quarter.

Gross margin was 36.9 percent compared to 42.8 percent in the year-ago quarter. International sales accounted for 57 percent of the quarter’s revenue.

Gross margin continues to be the number that many analysts watch closely as it continues to fall quarter to quarter. Primary reasons for this drop include the tighter margins on the iPad mini and heightened sales of cheaper iPhone models. To see this trend in action the key indicator is the changing average sales price of Apple’s top products. The iPhone’s ASP has dropped from $613 in the year-ago quarter to $581, the iPad has dropped from $515 to $436.

Apple reported the following number of shipments for its products during the quarter:

  • 31.2 million iPhones compared to 26 million in the year-ago-quarter
  • 14.6 million iPads compared to 17 million in the year-ago-quarter
  • 3.8 million Macs compared to 4 million in the year-ago quarter
  • 4.5 million iPods compared to 6.7 million in the year-ago quarter.

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Apple Announces Q213 Revenue of $43.6bn

AAPL Q213 Revenue Chart

Apple’s fiscal second quarter revenue with top end Apple estimate

Apple today announced financial results for its second fiscal quarter of 2013 which ran from January 1, 2013 until March 31. Apple posted revenue of $43.6 billion and net quarterly profit of $9.5 billion, or $10.09 per diluted share. These results compare to revenue of $39.2 billion and net profit of $11.6 billion, or $12.30 per diluted share, in the year-ago quarter. Gross margin was 37.5 percent compared to 47.4 percent in the year-ago quarter. International sales accounted for 66 percent of the quarter’s revenue.

Apple reported the following number of shipments for its products during the quarter:

  • 37.4 million iPhones compared to 35.1 million in the year-ago-quarter
  • 19.5 million iPads compared to 11.8 million in the year-ago-quarter
  • 3.95 million Macs compared to 4 million in the year-ago quarter
  • 5.63 million iPods compared to 7.7 million in the year-ago quarter.

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128GB iPad Release Contains a Message

iPad with Retina Display (4th gen)

iPad with Retina Display (4th gen) | Image courtesy of Apple

Today Apple did something somewhat out of the norm for the company, despite being rumoured ahead of time Apple released a new model of the iPad. But it didn’t change anything apart from the storage capacity, offering a whopping 128GB of storage for a meaty $799 (£639) for the WiFi model or $929 (£739) for the WiFi and Cellular model. This new iPad will be available to buy on February 5th.

There are many questions as to why Apple released this iPad this week or why in the supposed era of cloud storage that a 128GB iPad is even required. However it’s not that hard to speculate as to why Apple announced the 128GB iPad (apart from to try and out do Microsoft’s release of Office 2013) today.

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Apple Announces Record Breaking Quarterly Revenue of $54.5bn

Apple's Q113 Quarterly Revenue

Chart of Apple’s Quarterly Revenue up to fiscal Q113

Apple today announced financial results for its first fiscal quarter of 2013 which ran from October 1 until December 31 2012. The Company posted revenue of $54.5 billion and net quarterly profit of $13.1 billion, or $13.81 per diluted share. These results compare to revenue of $46.3 billion and net quarterly profit of $13.1 billion, or $13.87 per diluted share, in the year-ago quarter which had an additional calendar week. Gross margin was 38.6 percent compared to 44.7 percent in the year-ago quarter. International sales accounted for 61 percent of the quarter’s revenue.

For the first time Apple reported average weekly revenue which was $4.2 billion compared to $3.3 billion in the year-ago-quarter.

Apple reported the following number of shipments for its products during the quarter:

  • 47.8 million iPhones compared to 37 million in the year-ago-quarter
  • 22.9 million iPads compared to 15.4 million in the year-ago-quarter
  • 4.1 million Macs compared to 5.2 million in the year-ago quarter
  • 12.7 million iPods compared to 15.4 million in the year-ago quarter.

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