Apple announced its financial results for Q2 2014 this afternoon, and for the most part it beat the Street’s expectations. The company sold 43.7 million iPhones and pulled in $45.6 billion in revenue during the three month period, although it did miss slightly on iPad sales at just 16.3 million.
We’re just finishing up the conference call, where Tim Cook, CFO Peter Oppenheimer and other members of the executive team have discussed Apple’s performance, touted some user stats, and offered insight into the future. And as usual, we’ve rounded up the 15 most interesting points for you…
- Apple announced a 7-1 stock split, effective June 1. After that date, all common stock owners will receive 6 additional shares and the value of the stock will drop to around $80 (at current prices)
- By end of March 2014, spent $46 billion in $60 billion share repurchase authorization
- Apple one of the largest dividend payers in the world, paying $11 billion per year.
- Q2 2014 was Apple’s biggest non-holiday quarter ever
- iPad generated 4x mobile web traffic than all Android tablets combined.
- iPad has 95% share of education market
- 98% customer satisfaction rate among iPad owners, 2/3 of people planning to buy a tablet in next 90 days plan to buy iPad
- iPhone sales now make up 57% of Apple’s revenue
- iTunes Stores generated $5.2 billion in billings, up 24% year over year.
- There are now 800 million iTunes accounts—most with active credit cards on file
- Over 80 billion App Store app downloads
- 87% of iOS devices running on iOS 7 or later
- Apple acquired 24 companies in past 18 months
- Former Burberry CEO Angela Ahrendts to officially join Apple next week as retail chief
- Cook: we’re expanding the number of things we’re working on, but we’re not ready to pull the string on the curtain yet.
Overall, Apple seems pretty happy with the quarter, as is Wall Street—in rare form, AAPL is actually up around 8% in after hours trading. The other big takeaway from the call is that it sounds like Apple is very anxious to show off some of the things it’s been working on over the past several months.