Apple announces 43.7M iPhones, 16.3M iPads sold with $45.6B in revenue at Q2 2014 earnings call

Apple today announced their quarterly earnings for Q2 2014, as expected. The numbers of interest were 43.7 million iPhones sold, along with 16.3 million iPads, for a total of $45.6 billion in revenue for the quarter. Apple also announced that they would be splitting their stock 7-1, allowing for smaller investors to purchase shares of Apple stock.

In addition to the numbers and split, Apple also added more funds to their stock buyback program, bringing the total to $90 billion. Here are the full numbers from iDB along with expected figures:

• 
  

  
  

  iPhones: 43.7 million versus 37.7 million expected

  
  



• 
  

  
  

  iPads: 16.35 million versus 19.7 million units expected

  
  



• 
  

  
  

  Macs: 4.1 million versus 4.03 million expected

  
  



• 
  

  
  

  iPods: 2.76 million versus 2.99 million expected

  
  



• 
  

  
  

  Revenue: $45.6 billion versus $43.6 billion expected

  
  

Tim Cook acknowledged the slack in iPad sales, partially suggesting that Microsoft should have released Office for the iPad sooner than they did. Other than that, Apple nearly met or exceeded expectations in other areas.

The stock split means that current shareholders will soon own seven shares for each share currently owned, though each share will be worth seven times less. Thus, to purchase a single share of Apple stock will cost only about $80, as opposed to the current $500 price tag. The good news from the earning call has driven Apple stock up almost 8% in after hours trading.

Source : jailbreaknation[dot]com