Apple announced its financial results for Q3 2014 this afternoon, and for the most part it met the Street’s expectations. The company sold 35.2 million iPhones and pulled in $37.4 billion in revenue during the three month period, and iPad sales fell short at just 13.2 million.
We’re just finishing up the conference call, where Tim Cook, CFO Luca Maestri and other members of the executive team have discussed Apple’s performance, and offered some insight into its future. As usual, we’ve rounded up the to 15 most interesting points for you below…
- Apple now has $164.5 billion in cash and marketable securities
- $137.7 billion, or 84% of Apple’s cash, is offshore
- 5 acquisitions in last 6 months, not including Beats, 29 since start of 2013
- Beats acquisition should finalize this quarter
- CarPlay coming to 29 major car brands and several aftermarket systems
- New third-quarter record for iPhone sales, despite iPhone 6 rumors
- iPhone at 97% customer satisfaction rate, 50% of new smartphone customers planning to buy
- Only 25% US iPhone owners on traditional subsidy plan now
- 63% of tablet customers going to buy iPad. 50% of last quarter’s iPad buyers were buying first iPad
- Education share for iPad is 85%, Fortune 500 companies at 99%
- iTunes billings grew 25% YoY, all-time quarterly high
- iTunes Software and Services fastest-growing segment of Apple’s business this year
- App Store performing particularly well, with over 75 billion app downloads
- $20 billion paid to app developers thus far
- More than 20 million people watched this year’s WWDC keynote
Again, falling just ahead of Apple’s fall launch season, Q3 was pretty uneventful. It would seem that everyone, both company and consumers, are in a holding pattern right now waiting for the new iPhones, iPads, and potential new products like the iWatch, to be announced.