iTunes by the Numbers: $4.5B Revenue, Billings up 25{813a954d5e225a1509f22204ece89c855080ce25555f20805f61bed63cbfde3b} Year-Over-Year, $20B Paid to Devs, 75B App Downloads [iOS Blog]

ituneslogo.jpgDuring its financial results call covering the third fiscal quarter (second calendar quarter) of 2014, Apple shared details on the success of its iTunes Store, which has become an increasingly important revenue source for the company in recent years, mainly due to the ever-growing popularity of the App Store.

For the first fiscal nine months of the year, Apple CEO Tim Cook said iTunes software and services were the fastest growing part of Apple’s business. iTunes billings grew 25 percent year over year to an all time quarterly high, largely due to the App Store.

In the third quarter, iTunes generated $4.5 billion in revenue, an increase of 12 percent year over year. There have been 75 billion cumulative App Store downloads, and Apple has now paid a total of $20 billion to developers. In January of 2014, Apple had paid out $15 billion, meaning $5 billion of that total has been paid out in 2014 alone.

During the call, Tim Cook said that he expects iOS 8 with more than 4,000 APIs and the company’s new developer language, Swift, to result in significant growth and improvement for apps and the App Store.

Overall, Apple posted revenue of $37.4 billion and a net quarterly profit of $7.7 billion, or $1.28 per diluted share, compared to revenue of $35.3 billion and net quarterly profit of $9.5 billion ($1.07 per diluted share) in the year-ago quarter. Year over year, Apple’s revenue is up 6 percent and its profit is up 12 percent.



Live blog: Apple’s Q3 2014 earnings call

As we mentioned last month, Apple will today host its quarterly conference call to discuss its earnings report from the third quarter of its fiscal year: this includes 35.2 million iPhones, 13.2 million iPads, 2.9 million iPods, and 4.4 million Macs. Apple reported today that it earned $37.4 billion in revenue during its Q3 period. This will be the first […]

Apple reports third quarter fiscal results

Apple has announced the financial results for its fiscal 2014 third quarter that ended June 28. The company posted quarterly revenue of US$37.4 billion and quarterly net profit of $7.7 billion, or $1.28 per diluted share.

These results compare to revenue of $35.3 billion and net profit of $6.9 billion, or $1.07 per diluted share, in the year-ago quarter. Gross margin was 39.4{813a954d5e225a1509f22204ece89c855080ce25555f20805f61bed63cbfde3b} compared to 36.9{813a954d5e225a1509f22204ece89c855080ce25555f20805f61bed63cbfde3b} in the year-ago quarter. International sales accounted for 59{813a954d5e225a1509f22204ece89c855080ce25555f20805f61bed63cbfde3b} of the quarter’s revenue.

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News: Notes from Apple’s Q3 2014 earnings call

Apple’s conference call after announcing its Q3 2014 financial results kicked off with Apple CEO Tim Cook discussing Yosemite, iOS 8, and Swift. Cook also touched on CarPlay, HealthKit, HomeKit, in addition to the company’s new partnership with IBM. Getting to the financial results, Cook announced that Apple set a June quarter record, with iPhones also setting a new third quarter record. “iPad sales met our expectations but we realize…

FXNOW Channel With Simpsons World Content Coming to Apple TV [Mac Blog]

appletv.pngThe Apple TV may gain a new FXNOW channel that includes Simpsons World content, according to TV writer Jason Lynch who tweeted the news yesterday (via iLounge). Lynch said the FXNOW channel will come to the Apple TV, Roku, and other devices within the next 12 months.

FXNOW is the on-demand portion of the FX, FXX, and FXM television channels, all of which are owned by the Fox Entertainment Group. The FXNOW Apple TV channel will reportedly include content from The Simpsons, branded Simpsons World, which offers all 552 episodes of The Simpsons along with additional content. Simpsons World, debuting in October, will allow fans to search for and watch any episode or clip of The Simpsons on demand on FXNOW.

According to reports, Simpsons World will also allow users to create playlists of episodes and share favorite scenes, features that will likely make their way to the Apple TV version of the channel. FXNOW with Simpsons World currently requires cable authentication and is limited to FXX subscribers, and the Apple TV version will require a cable subscription as well.

Currently, supported cable providers for the existing FXNOW channel include AT&T, Cablevision, Comcast, Cox, and Time-Warner. Simpsons World access will also be available through the FXNOW app for the iPad.



Apple Reports Q3 2014 Results: $7.7 Billion Profit on June Quarter Record $37.4 Billion in Revenue [Call Complete]

Apple LogoApple today announced financial results for the second calendar quarter and third fiscal quarter of 2014. For the quarter, Apple posted revenue of $37.4 billion and net quarterly profit of $7.7 billion, or $1.28 per diluted share, compared to revenue of $35.3 billion and net quarterly profit of $6.9 billion, or $1.07 per diluted share in the year-ago quarter.

Gross margin for the quarter was 39.4 percent compared to 36.9 percent in the year-ago quarter, with international sales accounting for 59 percent of revenue. Apple also declared an upcoming dividend payment of $0.47 per share, payable on August 14 to shareholders of record as of August 11. The company currently holds $164.5 billion in cash and marketable securities.

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Quarterly iPhone unit sales reached 35.2 million, up from 31.2 million in the year-ago quarter, and the company sold 13.3 million iPads, down from 14.6 million in the year-ago quarter. Apple sold 4.4 million Macs, up from 3.8 million in the year-ago period.

“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’s guidance for the fourth quarter of fiscal 2014 includes expected revenue of $37-40 billion and gross margin between 37 and 38 percent.

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Apple will provide live streaming of its fiscal Q3 2014 financial results conference call at 2:00 PM Pacific, and MacRumors will update this story with coverage of the conference call highlights.

Earnings call highlights are available after the jump.

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