Strong iPhone and Mac sales droves Apple to achieve record revenue for the June quarter — quarterly revenue of $37.4 billion and quarterly net profit of $7.7 billion, which is $1.28 per share and about a 12.3 percent rise in profits. Interestingly, Apple managed to bump up its
profit margin, too: Gross margin was 39.4 percent compared to 36.9 percent in the year-ago quarter. In addition to crediting a record 35.2 million iPhone sales for the period ending June 30, Apple CEO Tim Cook called out the iTunes and the App Store ecosystem.
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Tim Cook Reveals Apple's Plan for World Domination
Posted by: Chris Maxcer July 23, 2014 10:20 AMStrong iPhone and Mac sales droves Apple to achieve record revenue for the June quarter — quarterly revenue of $37.4 billion and quarterly net profit of $7.7 billion, which is $1.28 per share and about a 12.3 percent rise in profits. Interestingly, Apple managed to bump up its
profit margin, too: Gross margin was 39.4 percent compared to 36.9 percent in the year-ago quarter. In addition to crediting a record 35.2 million iPhone sales for the period ending June 30, Apple CEO Tim Cook called out the iTunes and the App Store ecosystem.