On Tuesday Apple announced its financial results for the second calendar quarter and third fiscal quarter of 2014. The company posted revenue of $37.4bn and quarterly profit of $7.7bn. Apple had $35.3bn revenue and $6.9bn profit in Q3 2013. The company's gross margin was also up, from 36.9 percent to 39.4 percent. International sales also made up a majority of revenue (59 percent). Shareholders will receive a dividend payment of $0.47 per share, to be paid on August 14th to shareholders of record on August 11th.
Apple also reported device sales. The company sold 35.2 million iPhones last quarter, up from 31.2 million Q3 2013. It also sold 13.3 million iPads, although that was down from 14.6 million in Q3 2013. Mac sales were up from 3.8 million Q3 2013, to 4.4 million this quarter.
Apple’s share price (AAPL) increase 2.61 percent on Tuesday, suggesting that shareholders are happy with these results. There is some concern over the iPad sales dip, although many believe that the upcoming iWatch and larger iPhone will offset the fall in iPad sales.
