This looks like a lucrative quarter for Apple as the Cupertino giant today announced its financial results for Q4 of the fiscal 2014.
Talking in dollars and cents, the maker of the iPhone 6 pocketed a quarterly net profit of $8.5 billion or $1.42 per diluted share from $42.1 billion of revenue in the Q4 this year that ended on September 27, 2014. Its gross margin for the quarter is 38%.
The above result is an improvement over the $7.5 billion of net profit from $37.5 billion of revenue for the same quarter last year. Gross margin for last year's quarter was 37%. The international sales in this quarter is 60% of the quarter's revenue, 1% more compared to last quarter. Apple sold 39.3 million iPhones, 12.3 million iPads, 5.52 million Macs and 2.64 million iPods during the quarter, which is responsible for the revenue generated in the same quarter.
The iPhone sale were up by 16% year-over-year, but the iPad sales were down by 13% and even the iPod sales are getting slowed down. iPhone remains strong in terms of sales with 69% in the US commercial market, and Mac sales impressed too at 5.52 million computers.
"Demand has been staggering," Apple CEO Tim Cook told Wall Street analysts on a call following the results, adding that the sales were "markedly higher" in every country where it sold the iPhone 5S last year.
It has acquired 20 companies in the fiscal year and seven in the quarter. Retail stores saw revenue of $5.1 billion, up 15%. Apple plans to open 25 new stores in fiscal year 2015, about 75% of them outside the U.S..
Apple's guidance of the next fiscal quarter is expectedly optimistic. The manufacturer expects revenue in the range of $63.5 and $66.5 billion and gross margin between 37.5% and 38.5%.
Stay tuned to GizBot for more updates!