Apple has announced its quarter three financial results, the latest reports cover the company’s fiscal 2014 third quarter, and they had quarterly revenue of $37.4 billion and a new quarterly profit of $7.7 billion, or $1.28 per diluted share.
This is up from gross revenue of $35.3 billion and a net profit of $6.9 billion, or $1.07 per diluted share, for the same period in 2013.
“Our record June quarter revenue was fueled by strong sales of iPhone and Mac and the continued growth of revenue from the Apple ecosystem, driving our highest EPS growth rate in seven quarters,” said Tim Cook, Apple’s CEO. “We are incredibly excited about the upcoming releases of iOS 8 and OS X Yosemite, as well as other new products and services that we can’t wait to introduce.”
Apple also announced that they generated $10.3 billion in cash flow, and also returned over $8 billion in cash to shareholders in the form of dividends.
Apple’s board of directors has declared a cash dividend of $.47 per share of the Company’s common stock. The dividend is payable on August 14, 2014, to shareholders of record as of the close of business on August 11, 2014.
Apple has now spent a total of $74 billion in their capital return program, which is set to return $130 billion over the next six quarters.
Source Apple
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