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AAPL Stock: 121.26 ( -1.11 )

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Apple reaps $37.43 billion in third-quarter revenues

updated 04:43 pm EDT, Tue July 22, 2014

iPhone and Mac units rise, iPad takes a hit

Apple revenues rose 6 percent year-over-year to $37.43 billion in its third fiscal quarter, which ended in June, the company has announced. Profits were up 12.3 percent to $7.75 billion, while earnings per share climbed from $1.07 to $1.28 when adjusted for the recent 7-to-1 stock split. Gross margin increased from 36.9 percent to 39.4 percent.

iPhone sales rose 12.7 percent to 35.2 million units, ending up just slightly below analyst projections for the quarter. iPad sales were more disappointing, declining 9.2 percent to 13.28 million units. Mac sales made for a more positive turn, growing 17.6 percent to 4.4 million.

For the September quarter, Apple is guiding revenues between $37-40 billion, and a gross margin of 37-38 percent. Although the margin forecast is in line with analyst expectations, revenue is below a consensus figure of $40.44 billion.




by MacNN Staff

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  1. chucker

    Fresh-Faced Recruit

    Joined: 03-29-07

    jeez, got to love a comapany that maintains that 37% gross margin

  1. OldMacGeek

    Fresh-Faced Recruit

    Joined: 08-04-10

    Nope. They're doomed, beleaguered, kaput. They actually had a drop in iPad sales, showing that the company is yet again on a downward spiral o' death.

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