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Apple sold 43.7 million iPhones last quarter beating expectations; stock soars on split news

Posted: , by Alan F.

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Apple sold 43.7 million iPhones last quarter beating expectations; stock soars on split news
Apple reported its fiscal second quarter earnings report and it showed that the company sold 43.7 million Apple iPhones in the three month period. That is down from the 51 million units sold by Apple during its fiscal first quarter, which included the holiday season. A fairer comparison would be with last year's fiscal second quarter, a period that saw Apple sell 37.4 million iPhone units. Wall Street was expecting 38.7 million iPhones to be rung up last quarter.

During the fiscal second quarter, Apple reported sales of 16.3 million Apple iPads. That is a decline from the 19.5 million sold last year, and a big drop off from Wall Street's guess that Apple would sell 19.36 million tablets in the quarter. Apple has been losing share in the tablet market, after dominating the category from its inception.

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

Apple has also announced a 7 for 1 stock split, and the board has also approved another $30 billion in share buybacks through the end of 2015. Outside of the miss in iPad sales, it was a very positive report from Apple, especially the better than expected iPhone sales. For the period, Apple earned $10.2 billion on $45.6 billion in revenue, beating expectations. After hours, the shares are up $41 to $566.

Apple sold more iPhones last quarter than expected by Wall Street

Apple sold more iPhones last quarter than expected by Wall Street


source: TechCrunch

81 Comments
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posted on 23 Apr 2014, 16:08 7

1. Ninetysix (Posts: 1659; Member since: 08 Oct 2012)


Only 10.2 billion earned??? RIP Apple.

Again...

posted on 23 Apr 2014, 16:18 3

4. Sauce (unregistered)


Apple earned $45.6 billion in revenue during Q2

posted on 24 Apr 2014, 20:06 1

75. chebner (Posts: 142; Member since: 17 Oct 2011)


You don't earn revenue. Revenue is total sales. In general terms earnings are the profits that are left after all costs and taxes are paid. So through sales they took in $46.2 billion in revenue. After all the bills were paid they earned $10.2 billion.

posted on 24 Apr 2014, 22:43

76. Sauce (unregistered)


Do your research

posted on 25 Apr 2014, 00:18 1

78. chebner (Posts: 142; Member since: 17 Oct 2011)


What is there to research? Earnings and revenue are completely different.

From the article "Apple earned $10.2 billion on $45.6 billion in revenue". It's right there in plain English. They had $45.6 billion in sales. After paying the bills they earned $10.2 billion.

Perhaps you need to take finance 101.

How the hell can Apple claim their worshipers are smarter than Android owners? You can't even understand a simple financial summary.

posted on 25 Apr 2014, 01:07

79. Sauce (unregistered)


Stop getting trolled.

posted on 25 Apr 2014, 11:09

80. jroc74 (Posts: 4931; Member since: 30 Dec 2010)


Yea...thats like basic finance....even if you never took it in school or run a business.

posted on 26 Apr 2014, 12:04

81. chebner (Posts: 142; Member since: 17 Oct 2011)


Source said "Apple earned $45.6 billion in revenue during Q2"

No they didn't, they earned $10.2 billion. When I corrected him he told me to do some research.

Either Source is trolling or he doesn't have a clue about, as you say, "very basic finance".

posted on 23 Apr 2014, 20:54 2

42. PhoneArenaUser (Posts: 5480; Member since: 05 Aug 2011)


Apple Inc. Q2 2014 Unaudited Summary Data:
http://images.apple.com/pr/pdf/q2fy14datasum.pdf

Notice: 43,719 iPhone units in thousands not in millions! :D

posted on 24 Apr 2014, 18:43

74. Berzerk000 (Posts: 4065; Member since: 26 Jun 2011)


They mean it differently than you're interpreting it. The numbers are thousands, but you can see at the top it say, "(Units in thousands, Revenue in millions)", so it's 43,719 thousand units, which means you multiply it by 1,000, which gives you 43.7 million. A thousand thousands is a million, and a thousand millions is a billion. So, they sold 43.7 million iPhones and made $26 billion in revenue from it.

posted on 24 Apr 2014, 22:44

77. Sauce (unregistered)


I believe Berzerk000 just educated you.

Quit being so angry at Apple. LOL

posted on 23 Apr 2014, 16:09 9

2. 0xFFFF (Posts: 3242; Member since: 16 Apr 2014)


Apple is great at extracting money from the 1% and wannabe 1%, that is for sure.

posted on 23 Apr 2014, 16:11 11

3. Sauce (unregistered)


Too bad Samsung or any other company isn't .. LOL

posted on 23 Apr 2014, 16:37 5

7. darkkjedii (Posts: 11793; Member since: 05 Feb 2011)


You got him with that one.

posted on 23 Apr 2014, 21:16

46. joey_sfb (Posts: 2995; Member since: 29 Mar 2012)


Happy and blissful. The hanging garden.

posted on 23 Apr 2014, 21:42 2

50. networkdood (Posts: 6274; Member since: 31 Mar 2010)


from the 1%? No, they are good at getting money from those who cannot afford their products. Their slick marketing campaigns brainwash millions of Americans each year - it is a Zombie epidemic here - matter of fact, there is going to be a new TV series on this called iZombie...

posted on 23 Apr 2014, 23:02 3

66. rantao333 (Posts: 254; Member since: 21 May 2013)


Ya,samsung good at getting money from those who cannot think rationally. you can see samsung marketing campaign everywhere, from oscar to obama, from signboard to newspaper, Tv, cars, Radio, celebrities, anything u can think of. It brainswash millions of world population everyday, its a zombie epidemic worldwide - matter of fact, during 2013 samsung spend more than quadruple what Microsoft and Apple together during 2012.

$14 billions has been spend by samsung during 2013 vs $1.1 billion of apple during 2013.

Link
https://twitter.com/asymco/status/396253597551570944
http://bgr.com/2013/11/28/samsung-2013-marketing-budget/

posted on 23 Apr 2014, 16:28 4

5. AfterShock (Posts: 2812; Member since: 02 Nov 2012)


The numbers are mind boggling indeed.

Fad & Fortune > Form & Function.

posted on 23 Apr 2014, 16:56 10

8. superduper (Posts: 150; Member since: 20 Oct 2013)


Right now, millions of people are using Word, Excel, Powerpoint, Keynote, Pages, and audio and video production apps on their thin, light, hardware efficient iPads. That sounds like "Form & Function" to me.

Meanwhile, millions more people are so busy customizing their launchers, flashing ROMs, and sideloading questionable apps on laggy hardware that they have no time to appreciate what "Form & Function" even means on their tablets.

Mind boggling indeed!

posted on 23 Apr 2014, 17:09 5

12. AfterShock (Posts: 2812; Member since: 02 Nov 2012)


Right on the money.

After they release a decent sized phone,
Ifans can get stuff done without packing two devices.
Using a 4in is a joke in today's tech age.
It's all about separating you from your money before giving you it all.

Cheers

posted on 23 Apr 2014, 17:26 3

14. AfterShock (Posts: 2812; Member since: 02 Nov 2012)


I should add after all, what is most used part of a device, the screen.
And here its sporting a small 4in with huge bezels an one that probably causes more retina damage then it does help with its large senior base.
312ppi 4in, enormous bezels, top of the line for what,..yeah close to a grand!

They'll extract not only all the money from your wallet but the plasma from your kool aid ridden body for a larger screen device!

posted on 23 Apr 2014, 17:47 5

20. 0xFFFF (Posts: 3242; Member since: 16 Apr 2014)


This is quite true about the tiny iPhone screen -- "that probably causes more retina damage then it does help". It is well know that focusing on a tiny screen is quite stressful on the eyes.

posted on 23 Apr 2014, 17:31 1

15. Napalm_3nema (Posts: 1094; Member since: 14 Jun 2013)


Tell that story to the doctors, lawyers, business people, artists, musicians, and any other professionals who use the iPhone in their daily 9 to 5 life. I bet plenty of them would be glad to regale you with tales of how much money they have made from that "4in is a joke" productivity tool.

posted on 23 Apr 2014, 17:41 2

18. AfterShock (Posts: 2812; Member since: 02 Nov 2012)


A lot of the time in professions they have to use what is mandated true enough.

Those in professional detail, usually are older an well off an buy because of status too before function even when alternative is equal or better.

Glad you pointed that out.

posted on 23 Apr 2014, 22:43

62. networkdood (Posts: 6274; Member since: 31 Mar 2010)


The professionals that I interact with most seem to have Samsung devices - some have minis, some have the SGS3/4, and a couple have a Note 3.

posted on 23 Apr 2014, 18:36 3

25. Sauce (unregistered)


He is right on the money indeed.

-iPad generated 4x mobile web traffic than all Android tablets combined.

-iPad has 95% share of education market.

-98% customer satisfaction rate among iPad owners, 2/3 of people planning to buy a tablet in next 90 days plan to buy iPad.

Fad & Fortune indeed!

posted on 23 Apr 2014, 21:47 3

53. networkdood (Posts: 6274; Member since: 31 Mar 2010)


and yet, more and more non ipads are being sold each quarter and on an Android tablet, you can use them for educational purposes and get college books on them...brainwashed is as brainwashed does...

posted on 23 Apr 2014, 18:28 4

21. jroc74 (Posts: 4931; Member since: 30 Dec 2010)


Exactly...because ppl dont use productivity software on Android...

:-/

Whats extremely funny tho...is those same practices you mention are done on PC's....and yet it doesnt get frowned upon.

Yea...its mind boggling that someone would treat their phone...thats so much like a PC... like a PC..

posted on 23 Apr 2014, 18:35 3

24. Ninetysix (Posts: 1659; Member since: 08 Oct 2012)


Ain't nobody got time for that. We're too busy downloading ROMS, customizing wallpapers, sounds, widgets, toolbars, kernels, modems, themes, launchers, dialers, keyboards, and boot animations!

BRB..xda just released another ROM for my S4. Need to nandroid+TiBu.

posted on 23 Apr 2014, 18:42 3

27. PBXtech (Posts: 980; Member since: 21 Oct 2013)


Nice job speaking for the 1% of Android users. You're the only person I can think of that turns an option into something negative btw.

Let me guess, your dad can beat up my dad and your brother is bigger than my brother. amidoingitright?

posted on 23 Apr 2014, 19:14 1

31. Ninetysix (Posts: 1659; Member since: 08 Oct 2012)


Only one percent of the Android userbase cares about customization. Gotcha.

posted on 23 Apr 2014, 19:21 2

32. PBXtech (Posts: 980; Member since: 21 Oct 2013)


You mentioned a whole wealth of things that can only be done via rooting. The rooting community is small.

Now if you're saying that stock customization was your point, why is that a bad thing? Seriously, why do you always run down options and features of Android as if they're stupid? What's your problem with features?

posted on 23 Apr 2014, 18:54 3

28. jroc74 (Posts: 4931; Member since: 30 Dec 2010)


Hey....if I can use StarDocks, wallpapers, themes, mp3 and .wav clips, widgets, toolbars, screen savers, boot animations..

On my PC...

I dont see the problem if I can on my phone. If you wanna mention kernels....Linux and OS X.

posted on 23 Apr 2014, 22:44

63. networkdood (Posts: 6274; Member since: 31 Mar 2010)


naw, I just TiBu and if anything happens, I can flash a stock rom through recovery...but, once I find a good developer on XDA, nandroid is no longer really necessary.

posted on 23 Apr 2014, 21:43 3

51. networkdood (Posts: 6274; Member since: 31 Mar 2010)


what lag? what Word, Excel apps? I use other software that works fine. Have you actually used an Android device? Lots have changed since 2009....

posted on 24 Apr 2014, 07:25

69. jroc74 (Posts: 4931; Member since: 30 Dec 2010)


Yea...some ppl still think its 2008, 2009....

posted on 23 Apr 2014, 16:58 2

9. jellmoo (Posts: 686; Member since: 31 Oct 2011)


Wow... Those are some staggering numbers. Gotta give Apple credit. They know how to make money.

The iPad sales could be a cause for concern though. It may be a symptom of fewer people upgrading their device as quickly as they would with a phone, or it could be a sign that people are happy spending a lot less on an Android tablet. Apple may have to make some changes in their iPad strategy.

posted on 23 Apr 2014, 16:59 1

10. PBXtech (Posts: 980; Member since: 21 Oct 2013)


Curious to what product only Apple can bring to market. Technically, only they can bring a phone or tablet to market with an Apple logo on it, so gotta give them that I suppose.

posted on 23 Apr 2014, 17:36

17. superduper (Posts: 150; Member since: 20 Oct 2013)


It's not just phones and tablets. The Mac has gained market share in 31 of the last 32 quarters, which is more than can be said for Dell and HP. But of course, it's all just marketing (even though Samesung's marketing budget is fifteen times larger!)

posted on 23 Apr 2014, 17:46

19. PBXtech (Posts: 980; Member since: 21 Oct 2013)


Old products though. Tim made it sound like a brand new product, never seen before in any manner is going to be introduced. If so, love to see it, technology needs to take that next step. Phones, tablets, and computers are hitting plateaus, and wearable tech isn't really new, just a hybrid of old and new merged together. Time for Tim to do something new instead of rehashing what Steve was doing previously.

posted on 23 Apr 2014, 22:47

65. networkdood (Posts: 6274; Member since: 31 Mar 2010)


PCs have been going down for a while - thanks, in part, to smartphones and tablets...

posted on 23 Apr 2014, 16:59 1

11. phatdaddio21 (Posts: 15; Member since: 17 Aug 2013)


Glad to see APPLE making products that people really want and can depend on ,, now I'm just waiting on the bigger screen I phone to arrive so I can buy me one of em

posted on 23 Apr 2014, 19:53 1

34. darkkjedii (Posts: 11793; Member since: 05 Feb 2011)


Good post.

posted on 23 Apr 2014, 18:33 4

23. jroc74 (Posts: 4931; Member since: 30 Dec 2010)


So...another stellar quarter by Apple, the iPhone...and yet they wanna sue Samsung for 2.2 billion.....claiming....among other things......lost sales....

Thats the truly mind boggling thing.

posted on 23 Apr 2014, 18:59 1

29. darkkjedii (Posts: 11793; Member since: 05 Feb 2011)


Nahhh J, that's big business yo. Ain't always ethical, but it is what it is.

posted on 23 Apr 2014, 19:07 2

30. PBXtech (Posts: 980; Member since: 21 Oct 2013)


I question that in this instance. If you're one of the most lucrative companies on the planet, why bother spending all that time and possibly receive negative PR over a lawsuit that at the end of the day, really doesn't need to be fought? There's more to this than "it's just business." Apple sales go up every year, their finances are not even close to being a problem, why bother fighting with your supplier?

No one really knows why Apple chose to pick that fight. IMO, I believe Steve Jobs took it way too personal and made it legal instead of just competing with equipment and letting the consumers determine the winner. I've said it from the beginning and still hold my belief, Tim can be the bigger man and end this, not really sure why it's still dragging out. Neither Apple or Samsung are going out of business, this lawsuit isn't going to change much when it's all finished.

posted on 23 Apr 2014, 19:52 3

33. darkkjedii (Posts: 11793; Member since: 05 Feb 2011)


I don't know bro, not in the know. I'll be honest though, I really don't care. Both have more money than can ever be spent, yet these fanboys cry and moan like it's their bank acct. they'll say apples killing off the comp, please...no ones going anywhere. The loser will pay some ins, enter into a cross licensing deal, and the world will go on. I'll still be able to buy whatever phone I want, and so will you.

posted on 23 Apr 2014, 21:51

55. networkdood (Posts: 6274; Member since: 31 Mar 2010)


Yup, I agree...

posted on 23 Apr 2014, 20:18 2

36. RORYREVOLUTION (Posts: 3031; Member since: 12 Jan 2010)


The lawsuit won't change a thing. Apple tried to use it to scare Samsung but they didn't back down. Samsung has become such a force that even if they lose, it'd be pennies to them. They still won't back down after it's all said and done. However, Apple is just trying to be greedy and get as much money as they can out of this.

posted on 24 Apr 2014, 09:23

70. number29 (Posts: 185; Member since: 25 Jan 2013)


Personally I think a message needs to be sent to Samsung that it's not cool to copy and ride off of other people's coat tails. So many of Samsung's products are copies or imitations of a competitors product; smartphones, tablets, washing machines, vacuum cleaners; they have absolutely no shame in completely ripping off other people's designs, styles and IP. Samsung embodies pretty much everything wrong with the tech market at present and we'd be better off without them; let's have more Apple's in the world.

posted on 24 Apr 2014, 14:07

72. jroc74 (Posts: 4931; Member since: 30 Dec 2010)


If thats the case.....alot more companies than just Samsung need to be sent a message...

And...in that world you are envisioning....it would be a very big, empty place...and the society would be like the movies...Equilibrium, Fahrenheit 451...

By that logic...Apple shouldnt have made a phone or tablet...especially the massive failure the Newton was many years ago.

Tell Apple to stay out the TV, console, steaming media business then. Let them stick to PC's and PC software.

posted on 23 Apr 2014, 20:13 4

35. RORYREVOLUTION (Posts: 3031; Member since: 12 Jan 2010)


lol as soon as I saw this article I knew the author was going to be Alan F.

posted on 23 Apr 2014, 20:19 1

37. Ninetysix (Posts: 1659; Member since: 08 Oct 2012)


You want articles?

http://lmgtfy.com/?q=apple+quarter+earnings+q2+2014

posted on 23 Apr 2014, 20:38 6

39. RORYREVOLUTION (Posts: 3031; Member since: 12 Jan 2010)


You are such a great cheerleader.

posted on 23 Apr 2014, 20:24 2

38. chocowii (Posts: 327; Member since: 30 Jan 2014)


The Mac never outdid MS.
It shows.

posted on 23 Apr 2014, 21:52

56. networkdood (Posts: 6274; Member since: 31 Mar 2010)


I think it was just too overpriced. I know it has its niche, especially in engineering and architecture....

posted on 23 Apr 2014, 21:56 1

57. networkdood (Posts: 6274; Member since: 31 Mar 2010)


Meanwhile, instead of overpaying for an Apple device, we can get a 5.5 inch screen device with 64GB of storage space and it is only $349....One+One.....

posted on 24 Apr 2014, 09:24

71. number29 (Posts: 185; Member since: 25 Jan 2013)


But it's Android... That alone makes it not worth $349. You'd be better of spending more to get iOS.

posted on 24 Apr 2014, 14:09

73. jroc74 (Posts: 4931; Member since: 30 Dec 2010)


Yes...because Android is so bad....no one wants to use it...

Oh wait....

posted on 24 Apr 2014, 00:19

67. techperson211 (Posts: 667; Member since: 27 Feb 2014)


Another contradictin story . Just to have the stock go up. Haist.

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