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Apple iPhone sales last quarter failed to meet expectations; company earns $13.1 billion profit

Posted: , by Alan F.

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Apple iPhone sales last quarter failed to meet expectations; company earns $13.1 billion profit
Apple's shares are down over 7% in after-hours trading after the company reported fewer sales than expected of the Apple iPhone during its fiscal first quarter. While Wall Street analysts were calling for Apple to sell 55 million units of its iconic smartphone in the three month period ending in December, the company reported sales of 51 million units.

Apple reported net profits of $13.1 billion ($14.50 a share) on revenue of $57.6 billion. Revenues topped estimates for $57.5 billion. Profit margin, though, declined to 37.9% from 38.6%. In addition, the company forecast sales in the range of $42 billion to $44 billion for next quarter. Analysts had expected $46 billion thanks to the deal with China Mobile. The world's largest carrier is now selling the iPhone for the first time. Wall Street is looking for the deal to add 11 million more iPhone sales to Apple's fiscal 2014 total.

In the quarter, Apple sold 26 million Apple iPads, up from the 22.9 million sold in the same quarter last year. According to Apple CFO Peter Oppenheimer, Apple saw strong growth in emerging markets like Russia, China and Latin America. Apple iPad sales doubled in Mainland China, the executive said.

source: Reuters, USAToday

57 Comments
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posted on 27 Jan 2014, 15:55 2

1. phonepro (Posts: 22; Member since: 31 Mar 2012)


Well the day has finally come

posted on 27 Jan 2014, 15:57 20

2. bucky (Posts: 2687; Member since: 30 Sep 2009)


yea, 51 million is brutal. Apple won't last another 3 months at this pace.

posted on 27 Jan 2014, 16:01 6

3. darkkjedii (Posts: 22025; Member since: 05 Feb 2011)


Bucky only 51 million man that's pitiful I was hoping for 51,000,001. At this pace Apple will be closing its doors and having a going out of business sale this coming Saturday and I'll be lined up so I can buy a few things before the doors close and get boarded it up. I mean the nerve of them only selling 51 million iPhones and one quarter when most handset makers only sell five or 10 million n one year the nerve of them

posted on 27 Jan 2014, 16:09

6. CreeDiddy (Posts: 844; Member since: 04 Nov 2011)


Are you kidding? You are smoking buddy. Who else is close to that number in smartphones? Samsung sells about 40 million smartphones and 45 million featured phones per quarter.

Remember Apple has 422 stores in 14 countries.

posted on 27 Jan 2014, 16:11

8. darkkjedii (Posts: 22025; Member since: 05 Feb 2011)


Okey dokey

posted on 27 Jan 2014, 17:20 5

21. livyatan (Posts: 867; Member since: 19 Jun 2013)


And what are you smoking? ?
Samsung sales are over 80 million smartphones and over 100 million phones overall

posted on 27 Jan 2014, 17:22 2

22. livyatan (Posts: 867; Member since: 19 Jun 2013)


http://www.cnbc.com/id/101200875

posted on 27 Jan 2014, 18:56

32. CreeDiddy (Posts: 844; Member since: 04 Nov 2011)


That's third quarter of last year. That was their highest growth they had as a company. Can they repeat that this year? Most likely no.

posted on 27 Jan 2014, 17:52 1

24. deewinc (Posts: 318; Member since: 21 Feb 2013)


S4 yes your numbers are correct. Add up all the other plastic junk and you could be talking about 150M+ Samsung handsets sold in a quarter of a year =)

posted on 27 Jan 2014, 16:02 6

4. bradley8795 (Posts: 61; Member since: 19 Nov 2013)


Their stock is down $35 a share and falling like a rock! Happy days! Wait this means they will have to sue Sammy some more.

posted on 27 Jan 2014, 16:54 3

15. darkkjedii (Posts: 22025; Member since: 05 Feb 2011)


Googles is down $22.60. Currently apple is +$4.43

posted on 27 Jan 2014, 18:37 2

30. fanboy1974 (Posts: 1345; Member since: 12 Nov 2011)


I don’t think you can compare Apple to Google. Google can kill their entire nexus line yet still be fine with other OEM support. Even if they drop support for Android altogether somebody else will just take over. Apple is so tightly integrated that if they sold half the number of iPhones it would be devastating.
I didn't even relize that Google stocks were over $1100 a share.

posted on 27 Jan 2014, 20:10

37. darkkjedii (Posts: 22025; Member since: 05 Feb 2011)


Sure I can just see post 15

posted on 28 Jan 2014, 01:03

42. Berzerk000 (Posts: 4275; Member since: 26 Jun 2011)


Putting it into terms of dollars isn't exactly fair. A better way is to use percentages. Google is down 2%, Apple is up by 0.8%. It's normal for stock to go up and down a few percent.

posted on 27 Jan 2014, 21:41

39. bradley.block (Posts: 6; Member since: 01 Oct 2012)


You're looking at the closing bell numbers. The reports are always after the closing bell. To get a real idea you need to look at the after hours trading numbers.

posted on 27 Jan 2014, 16:11 1

7. Sauce (unregistered)


It takes some popular companies to sell 5-10 million of one/two phones a year, while it took Apple 3 days to sell 9 million. (6 million 5s and 3million 5c). Totally going down the drain.

All I see you doing is (╯°□°)╯︵ ┻━┻

posted on 27 Jan 2014, 16:46 4

13. wildfiregt (Posts: 167; Member since: 10 Jun 2013)


#7 and #6 fact are fake
Samsung sells twice more smartphones than Apple in a year (smartphones and not feature phones)
Apple never sold 10 millions iphones in a week. Those have never been official statement but to enhance the sales and investment. Same happened to the 5. Not to mention the 5c was a failure ,don't believe a sec that it sold 3 millions in 3 days

posted on 27 Jan 2014, 17:00 2

18. darkkjedii (Posts: 22025; Member since: 05 Feb 2011)


How about you provide us with proof they didn't sell 10 million in a week, otherwise STFU.

posted on 27 Jan 2014, 17:46 2

23. Sauce (unregistered)


He's just butthurt to the fact that the company he can not stand to see succeed has succeeded at succeeding a successful launch success with millions sold in 3 days.

P.S. Where did I mention Samsung

Obvious fanboy is obvious

¯\_(ツ)_/¯

P.S.S: $57.6 billion in quarterly revenue is a record for Apple, AND THE MOST EVER GENERATED BY A TECH COMPANY.

posted on 27 Jan 2014, 17:55 5

25. Sauce (unregistered)


Also to point out that Apple is going no where and that idiots like that guy prove they are mental in the dome with their silly iHatred..

80% of devices now on iOS 7

$13.3 billion in net income, also a new record. Apple now has $158.8 billion in cash

65 billion total App Store downloads

$2 billion paid to developers during the December quarter

iOS has 5x advantage over Android in developer revenue per app, 4x advantage in IAP, and 2x advantage in paid downloads+IAP.

Plants v Zombie had 60 million downloads in first 5 days, biggest launch ever for an EA game.

There are now 420 total Apple Stores, each averaging 21,000 visitors per week. TWENTY ONE HUNDRED A WEEK ON AVERAGE, PER STORE.

30 new Apple Stores coming in 2014.

Tim Cook says mobile payment space “a big opportunity on the platform.

A successful company indeed. They are going no where.
Keep dreaming boys.

posted on 27 Jan 2014, 18:04 2

29. darkkjedii (Posts: 22025; Member since: 05 Feb 2011)


Sauce it cracks me up how these fools sit in here everyday, and basically pray for apples demise. I mean dude really? Praying hoping that apple dies, and they get smoking hot (and not Beyoncé 2014 Grammy performance smoking hot), when apple succeeds. Get a F'ing life for crying out loud. Man that stuff is sooo friggin funny dude. Sniggly, apple4never, reckless, appledoesnt.com, phonepro, PAPINYC, eclipsegsx etc. ihaters dude.

posted on 27 Jan 2014, 18:55 2

31. Sauce (unregistered)


Tell me about it lol. Honestly, I like to prove these guys wrong (although it isn't hard). I can't express enough about how stupid they all sound. So many haters like to take things so literal and get so dramatic when try to set Apples demise. Is it not clear enough how much Apple succeeds and how well Apple does? I love seeing hate against them because it shows me that jealously is still so easily noticed in the phone industry.

posted on 28 Jan 2014, 13:30

50. domfonusr (Posts: 384; Member since: 17 Jan 2014)


Wow, why would anybody love to see hate? That is so backward.

posted on 28 Jan 2014, 12:00

46. EclipseGSX (Posts: 1719; Member since: 18 Oct 2011)


You seem really upset about this and high strung, maybe you need a break from this site?

posted on 28 Jan 2014, 12:26 1

48. Topcat488 (Posts: 1396; Member since: 29 Sep 2012)


Really those two praise Apple so much you would think Apple is paying them or something... I could care less how much either one of those companies are doing... Maybe cause i haven't any stock in them, but i bet neither do they. Hahahaha.

posted on 27 Jan 2014, 17:58 3

26. darkkjedii (Posts: 22025; Member since: 05 Feb 2011)


Apple is beast, set a few records today.

posted on 27 Jan 2014, 16:08 3

5. Credo (Posts: 748; Member since: 19 Apr 2012)


2pac - They don't give a **** about us

posted on 27 Jan 2014, 16:16

9. Miracles (Posts: 560; Member since: 31 Aug 2013)


So Apple top sales in the US by 43% and fail to meet expectations. Hmmm..so whose topping in other countries? (specially europe?)

posted on 27 Jan 2014, 16:24 3

10. darkkjedii (Posts: 22025; Member since: 05 Feb 2011)


I'm so mad at Tim Cook for "only" selling a measly, pitiful, horrible, deplorable, lowly 51,000,000 phone in just on qtr I'm On my way to Cupertino as we speak. When I get there, I'm challenging him to a hop scotch contest, and a game of 21. Mr. Cook how dare you only sell 51,000,000 iPhones in "only" one qtr. you mean to tell me you couldn't even muster 51,000,001? I'm done with apple, I'm now to be called antiapplejediihatesmrcookandapplefornotselling5100​0001iphonesinoneqtrmaygoddamnualltohellforthiscrap​. I hate u apple sniggly, apple4never, droidxdoug reckless, artsim98 I'm now one of u, an apple bashing/hating troll devoting my day and life to hating apple. Mxy bucky sauce gallitoking taco and darkkjedii don't ever speak to me again. Apple has crossed the line with this milestone errr failure. I'm boiling at this accomplishment errr failure by apple. Mxy get my I love errr hate apple T shirt ready. I'm the new finalflash, totally devoted to hating apple and having no life other than that. DAMN U COOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO​OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO​OOOK

posted on 27 Jan 2014, 16:30 3

12. darkkjedii (Posts: 22025; Member since: 05 Feb 2011)


And one more thing Mr. Cook, you are no longer on my Xmas list, and I don't think you're a very nice guy. How do you like that Mr. Cook. PS. I just microwaved my 5s and will coat my note 3 in the gold that's left over. Sniggly I await your orders.

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