Apple revenue hits record; $37.4 billion in quarter
sfgate.com / July 23, 2014
Apple reported a record $37.4 billion in revenue in its third quarter, as sales continue to climb for iPhones and Macs.
Profit rose 20 percent to $1.28 per share, up from $1.07 a year ago. Revenue increased 6 percent, the Cupertino company said.
The earnings were a mixed bag for investors, with at least one analyst wondering how the company will fare in the second half of the year, including the crucial back-to-school and holiday shopping seasons, with no new iPhone models or the rumored "iWatch" yet. Apple beat analyst expectations for profit, but missed on revenue.
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The company continued to show strong performance in iPhones. Apple reported that it sold 35.2 million iPhones in the quarter, up 13 percent compared with the same period a year ago.
STORY: http://www.sfgate.com/technology/article/Apple-profit-hits-record-7-7-billion-in-quarter-5639659.php
