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Apple's quarter sees good performance, solid phone sales

Apple's quarter sees good performance, solid phone sales

July 22, 2014 | By Christian Nutt

Today, Apple announced its fiscal third quarter 2014 results, ending June 28, 2014. The company saw revenues of $37.4 billion and net profit of $7.7 billion for the quarter. Revenues are in line with what analysts expected.

The company sold 35.2 million iPhones in the quarter, and 13.3 million iPads; year-on-year, that's up from 32.1 million iPhones and down from 14.6 million iPads. However, analysts expected more in the way of iPhone sales -- 36 million, Re/code reports. The iPhone 5s is still the world's best-selling smartphone, according to market research data.

The company's shares are down very slightly in after-hours trading -- just 55 cents, putting them at $94.17 a share as of this writing. The big, needle-moving news for iPhone will be this fall, as the company is expected to introduce a new model of the device.

iPad plans, international iPhone sales

Apple CEO Tim Cook promised that Apple has plans for "significant innovation" to the iPad in today's earnings call, MacRumors reports.

Cook also highlighted iPhone sales growth in China, which were 48 percent up. Sales were up 55 percent in BRIC (Brazil, Russia, India, China) territories in general, year-over-year.

He also noted that of its iPhone lineup, its mid-tier iPhone 5c had the strongest growth in the U.S. this year. That's something developers may want to keep in mind when performance-targeting their games.

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