Apple today released its Q2 FY 2014 (ended March 29, 2014) earnings report, and the numbers did not disappoint. Tim Cook spoke glowingly of the better-than-expected performance, "We’re very proud of our quarterly results, especially our strong iPhone sales and record revenue from services." Almost all numbers were up, only iPad and iPod sales fell.
Apple posted a $45.6 billion quarterly revenue and a quarterly net profit of $10.2 billion, or $11.62 per diluted share. These numbers are up from last year's Q2 results, which were $43.6 billion, $9.5 billion and $10.09 respectively. The quarterly gross margin increased from 37.5 percent a year ago to 39.3 percent. Not only did this quarter outperform last year's Q2, but it also outperformed Apple's disappointing Q2 guidance, which caused a dip in stock prices in late January. The