Apple earnings: $46B in revenue, 43 million iPhones sold


Apple had a very good quarter. The company reported quarterly earnings Wednesday that surpassed both Wall Street expectations and Apple’s internal guidance, thanks to stronger than expected iPhone sales. Apple sold 6.3 million more iPhones than it did in the same period last year. However, Apple sold 2 million fewer iPads.

Apple on Wednesday reported second-quarter revenues of $45.6 billion and profits of $10.2 billion, which works out to $11.62 per share. The revenue figure is higher than Apple’s results from the second quarter in 2013, and profits continued to rise year over year. Analysts were expecting earnings per share of $10.19 on sales of $43.5 billion.

An important number to watch is Apple’s gross margins. Gross margin was up at 39.3 percent compared to 36.7 percent in the first quarter and 37.5 percent at this time last year.

Here are the device sales numbers:

  • 44 million iPhones, as compared to 37.4 million…

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