Apple financial results Q4 2014: Q4 2014 financial results

Apple has just reported record-breaking financial results for its fiscal fourth quarter of 2014.

Those results were for the quarter that ended on 27 September, so they include the new iPhones which launched on 19 September.

Apple’s year runs from September to September, so its fourth quarter results also marks the end of the financial year for Apple.

Apple made revenue of $42.1 billion in the quarter. Its quarterly net profit was $8.5 billion, or $1.42 per diluted share).

In the same quarter last year Apple made $37.5 billion in revenue and net profit of $7.5 billion, or $1.18 per diluted share.

Apple beat its own forecast given during its third quarter financial results announcement in July. At the time Apple reported that it expected to make revenue between $37-$40 billion in the now finished fourth quarter.

Apple also beat the expectations of analysts polled by Fortune, who had high expectations but still only predicted revenue as high as $41.80 for the quarter.

iPhone sales

Apple sold 39.272 million iPhones during the quarter and made $23.678 billion in revenue from them. Last quarter Apple sold 35.203 million iPhones and made $19.751 billion in revenue from them. In the same quarter last year Apple sold 33.797 million iPhones and made $19.510 billion in revenue from them.

The most demanding of analysts polled by Fortune were hoping for 39 - 40 million iPhone sales.

iPad sales

Apple sold 12.316 million iPads during the quarter and made $5.316 billion in revenue from them. Last quarter Apple sold 13.276 million iPads during and made $5.889 billion in revenue from them. In the same quarter last year Apple sold 14.079 million iPads during and made $6.186 billion in revenue from them. People are likely to express concern at the decline in iPad sales year on year, although it should be noted that the next quarter will include sales of the new iPad Air 2 and the iPad mini 3.  

One analysts polled by Fortune was anticipating up to 15 million iPads, but the average was 13.17 million.

Mac sales

Apple sold 5.520 million Macs during the quarter and made $6,626 billion in revenue from them. In the third quarter Apple sold 4.413 million Macs, taking $5.540 billion in revenue. In the same quarter last year Apple sold 4,574 million Macs for $5.634 in revenue. It is particularly interesting to note that revenue from Mac sales has overtaken revenue from iPad sales in the just gone quarter.

Very few analysts were expecting Apple to sell more than 5 million Macs, so the results should be pleasing.

iPod sales

Apple sold 2.641 million iPods, making $410 million. That’s less than the third quarter: 2.926 million for $442 million in revenue, and less than last year’s fourth quarter: 3,498 million for $573 million in revenue. Nobody expects Apple to increase iPod sales. The company continues to sell various iPods but has discontinued the iPod classic.

This figure was slightly above the average expectaton of analysts.

iTunes sales

iTunes revenue was up at $4.608 billion, from $4.485 billion in quarter three and $4.260 billion in the same quarter of 2013.

Global sales

Internationally, revenue was up in the Americas, Europe and Japan but up only a fraction year-on-year in Greater China. This quarter Apple made $5.778 billion in revenue from Greater China compared to $5.733 billion a year ago. Apple made more revenue from China in the third quarter: $5.935 billion, however, it should be noted that the new iPhones were not on sale in China during the fourth quarter. Revenue was $16.247 from the Americas and $9,535 from Europe in the just gone quarter, that’s 17% and 19% up, respectively, year-on-year.

Apple Stock

Shareholders will get a cash dividend of $.47 per share on 13 November, 2014 (you need to hold stock at the close of business on 10 November 2014 to qualify).

Read: Complete guide to buying Apple shares

Apple's share price closed this evening at $99.76 but has been climbing in after-hours traiding.

Apple expects revenue between $63.5 billion and $66.5 billion for its first quarter of 2015 (which runs until the end of December 2014).