Apple reported its second quarter 2014 financial results today, as the company sold 43.7 million iPhones, 16.3 million iPads, and 2.7 million iPods. The company also reported $45.6 billion in quarterly revenue, and a quarterly net profit of $10.2 billion. Revenue is down from the record of Q1 2014, but up from Q2 2013. Gross margin was 39.6 percent in Q2 2014, compared to 37.5 percent in the year-ago quarter.
For its fiscal third quarter, Apple is providing guidance of revenue between $36 billion and $38 billion, and gross margin between 37 percent and 38 percent. Apple’s conference call on the results will take place at 5 p.m. EST and can be heard on the company’s investor website.
“We’re very proud of our quarterly results, especially our strong iPhone sales and record revenue from services,” Apple CEO Tim Cook said. “We’re eagerly looking forward to introducing more new products and services that only Apple could bring to market.”
“We generated $13.5 billion in cash flow from operations and returned almost $21 billion in cash to shareholders through dividends and share repurchases during the March quarter,” Apple CFO Peter Oppenheimer said. “That brings cumulative payments under our capital return program to $66 billion.”