Thursday, July 31, 2025

Apple impresses with quarterly performance

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

Leave Message for Us to Get Back

Related stories

T-Mobile Predicts 6G Technology Arrival by 2030

5G is the newest generation of cell networks, and...

Ericsson recommits to UK research program for 6G and future networks

Launched in 2022, Ericsson's multi-million GBP UK research investment...

6G Technology: 3GPP Initiates Global Standards for Next-Gen

The 3rd Generation Partnership Project (3GPP) has made its...

Device manufacturer Apple continued with an impressive financial performance for the quarter to end-March, generating revenue of $45.6bn for the period, as well as net profit of $10.2bn.

The firm’s revenue for the quarter is a 4.6 per cent year on year improvement on the $43.6bn generated in the same period a year earlier, while the quarterly net profit marks a 7.4 per cent increase on the $9.5bn recorded in 2Q13.

Gross margin also grew year on year for the quarter, from 37.5 per cent to 39.3 per cent and the firm added that international sales accounted for 66 per cent of its revenue during the quarter.

“We’re very proud of our quarterly results, especially our strong iPhone sales and record revenue from services,” said Tim Cook, Apple’s CEO. “We’re eagerly looking forward to introducing more new products and services that only Apple could bring to market.”

Chief financial officer Peter Oppenheimer, who will retire at the end of September, added that Apple generated $13.5bn in cash flow from operations and returned almost $21bn in cash to shareholders through dividends and share repurchases during the quarter.

“That brings cumulative payments under our capital return program to $66 billion,” he added.

Apple added that in its third quarter, it expects to generate revenue between $36bn and $38bn and incur operating expenses between $4.4bn and $4.5bn.

In January, the firm worried investors by posting flat profit for 1Q14, which ended December 31st 2013. This was despite posting record quarterly revenue of $57.6bn.

Latest stories

Related stories

T-Mobile Predicts 6G Technology Arrival by 2030

5G is the newest generation of cell networks, and...

Ericsson recommits to UK research program for 6G and future networks

Launched in 2022, Ericsson's multi-million GBP UK research investment...

6G Technology: 3GPP Initiates Global Standards for Next-Gen

The 3rd Generation Partnership Project (3GPP) has made its...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back