Apple boasts of record earnings in fourth quarter report, iphone wallpapers

Apple has disclosed its fourth quarter 2014 financials, revealing exactly what the iPhone maker calls ‘record September quarter income and profits.’

The business published total profits of $42.1 billion (about ₤ 26b, AU$ 47.9 b) for the quarter that ended September 27. Quarterly net earnings reached $8.5 billion (about ₤ 5.26 b, AU$ 9.7 b).

Compare that to profits and net earnings of $37.5 billion (about ₤ 23.2 b, AU$ 42.6 b) and $7.5 billion (about ₤ 4.6 b, AU$ 8.5 b) respectively during the exact same duration in 2013, and it’s easy to see why Apple is pleased with itself.

Gross margin increased from 37 % to 38 % compared with last year as well.

Higher and higher

Apple attributed 60 % of all its earnings in Q4 2014 to international sales.

The company’s announcement mentions CEO Tim Cook reiterating that the September release of the iPhone 6 and iPhone 6 Plus was Apple’s greatest iPhone launch ever.

Apple also attributed its success in this quarter to strong Mac and App Establishment sales.

Apple Chief Financial Operator Luca Maestri reported 20 % EPS development and $13.3 billion (about ₤ 8.22 b, AU$ 15.1 b) in capital from operations, another record for the business. Apple invested $20 billion (about ₤ 12.4 b, AU$ 22.8 b) in the quarter, with cumulative returns of $94 billion (about ₤ 58.2 b, AU$ 106.9 b).

For Q1 of fiscal 2015 Apple forecasts revenue between $63.5 billion (about ₤ 39.3 b, AU$ 72.3 b) and $66.5 billion (about ₤ 41.1 b, AU$ 75.7 b), gross margin between 37.5 % and 38.5 %, operating costs between $5.4 billion (about ₤ 3.3 b, AU$ 6.1 b) and $5.5 billion (about ₤ 3.4 b, AU$ 6.3 b), other expenditure of $325 million (about ₤ 200m, AU$ 370m), and a tax rate of 26.5 %.