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Apple Posts Record Q1 On Strong IPhone Sales, Margin Gains

By DMO Affiliate

Apple announced a strong set of second quarter results for 2014 on Wednesday, beating guidance on both revenues and gross margins. The company saw its revenues grow 5% year-over-year to$45.6 billion in the second quarter, which turned out to be its best non-holiday quarter ever. The top-line outperformance was primarily driven by a strong showing by the iPhone, which sold well across geographies and price ranges. Each of the three iPhones in the market sold better than their predecessors in their respective price ranges, and the two new carrier signings in NTT Docomo and China Mobile provided Apple with a strong boost in Japan and China.
Apple Posts Record Q1 On Strong IPhone Sales, Margin Gains



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Related Keywords:Electronic Arts, NASDAQ: AAPL

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