Tomahawk, WI 04/25/2014 (Basicsmedia) – The naysayers have been needlessly complaining that the mojo had gone out of Apple Inc. (NASDAQ:AAPL) but yesterday’s 2Q2014 results prove that Apple is far from being in any danger of decline.

Apple is of course no ordinary company — after all, it’s the most valuable company in the world — and the expectations of investors tend to be sky-high from Apple.

Apple Financials

With iPhones being sold now by China’s largest wireless company, China Mobile, Apple Inc. (NASDAQ:AAPL) beat estimates with 43.7 million iPhones sold. Apple reported 2Q2014 revenues of $45.6 billion and made a scorching profit of $10.2 billion.

The cash-rich company announced that it will take on debt to finance the additional $30 billion stock buyback plan and the plans to increase its dividend. Apple Inc. (NASDAQ:AAPL) continues to enjoy extraordinary gross margins of 39.3% which has risen from 37.5% a year earlier. Earnings per share were $11.62.

The forecast for 3Q2014 project revenues of between $36 billion and $38 billion and gross margins in the range of 37 to 38%.

As Tim Cook, the CEO talked about introducing products and services that “only Apple could bring to market,” Apple will likely continue to reel in huge revenues and profits.

With $100 billion in dividends and buybacks announced in April 2013 and an additional $30 billion yesterday, Apple and Tim Cook are making a strong break from the legacy of Steve Jobs who was happy to keep hoarding all the cash that the Apple profit machine generated.

Huge Numbers

Everything about Apple Inc. (NASDAQ:AAPL) is huge. The number of iTunes accounts is no exception. Mr. Cook revealed that there are now almost 800 million iTunes accounts — that is more than twice the population of the U.S. — most of whom have credit cards associated with their iTunes accounts. Revenues from iTunes software and services grew by 11% on a YoY basis to reach $4.6 billion.

While iPad sales declined in the quarter to 16.4 million from 19.5 million last year, Apple has sold more than 210 million iPads in all since its launch four years ago.

Final Thoughts

With plans for mobile payments and larger screens on the iPhone 6 apart from new product ideas, Apple Inc. (NASDAQ:AAPL) has got many things up its sleeve. Will it also go for cheaper iPhones for the developing markets? That would really scare the daylights out of Apple’s competitors in the cheap smartphone segment such as Samsung, Nokia (ok, Microsoft Corporation (NASDAQ:MSFT) Mobiles soon), and Motorola (now with Lenovo; previously with Google Inc (NASDAQ:GOOG).

DISCLAIMER: This content is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.