Apple’s Q2 2014 financial number are in, and they’re looking pretty hot. Apple posted quarterly revenue of $45.6 billion, net profit of $10.2 billion. That’s up slightly from Q2 2013 in which Apple posted $43.6 billion and net profit of $9.5 billion. It seems all that nasty talk about the iPhone 5C holding the company’s profits hostage isn’t true after all.
“We generated $13.5 billion in cash flow from operations and returned almost $21 billion in cash to shareholders through dividends and share repurchases during the March quarter. That brings cumulative payments under our capital return program to $66 billion.” – Peter Oppenheimer, Apple’s CFO
So just how did Apple end up with all that loot? The Cupertino company sold 43.7 million iPhones, 16.3 million iPads and 4.1 million iMacs. Not surprisingly, iPod sales were down to just 2.7 million sold in Q2. iPad sales also slumped as iPhone sales surged.