Apple: rising financial results

Despite good results, the balance of the fourth quarter of 2013 was less than the estimates. The first quarter of 2014 was better for Apple. Revenues and net income were respectively increased by 4% and 7%.

 

With the launch of new products, analysts believed that Apple would close in 2013 on better quarterly results. The group thus obtained a turnover of 57.6 billion dollars, an increase of about $ 3 billion on a year, and a net profit of 13.1 billion dollars, which had not progressed. In this publication, the group felt that the first quarter of 2014 is expected to reach a turnover of 42 to 44 billion dollars, while analysts went on a turnover of over 46 billion dollars.

 

 

Apple just released the figures for the first quarter of 2014. The Group achieved a turnover of 45.6 billion dollars. Up 4%, it is, therefore, higher than estimates of Apple. Net income is also in progress. Reaching $ 10.2 billion, it increased by 7% compared to the same period 2013.

 

This increase is mainly due to iPhone sales. Apple has thus passed 43.7 million smartphones, up 17% year on year. This represents 26.06 billion dollars in revenue, an annual increase of 14%.

 

Another growth area for Apple computers. Mac 4.1 million were sold, for a turnover of 5.5 billion dollars. The division of services and software has also increased up to 11%. However, iPad & iPod sales decreased respectively by 16% and 51%.

 

Tim Cook, Apple's CEO, said: "(We) are very proud of our quarterly results, particularly our strong iPhone sales and record sales services." Apple believes that the current quarter could conclude a turnover between 36 and 38 billion. Tim Cook said wait "forward the introduction of new products and services that only Apple can bring to market."