Apple Breaks iPhone and iPad Sales Records in Q1 2014, Posts $57.6 Billion in Revenue

Apple Breaks iPhone and iPad Sales Records in Q1 2014, Posts $57.6 Billion in Revenue

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Apple has announced its fiscal year 2014 first quarter results, showing us the first three month period (October - December) of sales for the new iPhone 5s and iPhone 5c devices.

Apple has reported a company best $57.6 billion in revenue. Profits reached $13.1 billion, matching their previous record. However, iPhone sales hit 51 Million (New record), iPad sales hit 26 Million 9new record) and the company even say 4.8 million Mac sales after they revamped their MacBook lineup earlier this year.

Apple today announced financial results for its fiscal 2014 first quarter ended December 28, 2013. The Company posted record quarterly revenue of $57.6 billion and quarterly net profit of $13.1 billion, or $14.50 per diluted share. These results compare to revenue of $54.5 billion and net profit of $13.1 billion, or $13.81 per diluted share, in the year-ago quarter. Gross margin was 37.9 percent compared to 38.6 percent in the year-ago quarter. International sales accounted for 63 percent of the quarter’s revenue.

The Company sold 51 million iPhones, an all-time quarterly record, compared to 47.8 million in the year-ago quarter. Apple also sold 26 million iPads during the quarter, also an all-time quarterly record, compared to 22.9 million in the year-ago quarter. The Company sold 4.8 million Macs, compared to 4.1 million in the year-ago quarter.

Apple’s Board of Directors has declared a cash dividend of $3.05 per share of the Company’s common stock. The dividend is payable on February 13, 2014, to shareholders of record as of the close of business on February 10, 2014.

“We are really happy with our record iPhone and iPad sales, the strong performance of our Mac products and the continued growth of iTunes, Software and Services,” said Tim Cook, Apple’s CEO. "We love having the most satisfied, loyal and engaged customers, and are continuing to invest heavily in our future to make their experiences with our products and services even better."

“We generated $22.7 billion in cash flow from operations and returned an additional $7.7 billion in cash to shareholders through dividends and share repurchases during the December quarter, bringing cumulative payments under our capital return program to over $43 billion,” said Peter Oppenheimer, Apple’s CFO.

Apple will provide a live stream of its Q1 2014 conference call beginning at 5:00 PM EST (2:00PM PST).

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Apple Breaks iPhone and iPad Sales Records in Q1 2014, Posts $57.6 Billion in Revenue
T Hui - January 28, 2014 at 8:58am
I have an idea. Why not just stop bashing each other for what we like. It makes everyone get along better and happier. Apple is a company that might not be first to everything, but in general, the quality they do it beats the competition. That is specs are so overrated and don't always mean a whole lot. BTW, a 2k screen doesn't necessary mean it is better quality than a 1080P. It has more to do with color accuracy, angels, and etc.
Tony - January 28, 2014 at 12:07pm
Hello dumbass, how about adding millions of more pixel and see how different it is up close with pixelation, how does accuracy make a difference, what if one is blind?
SteveGay - January 28, 2014 at 12:58am
Hey FanBoys, I mean GayBoys, Apple is giving away BigBlackDicks for their 30 year anniversary, All AppleShit Trolls are welcome to get their complimentary ones, Nat,Fukjohn Rah, Steve in Heaven and K are first on the list.
K - January 28, 2014 at 12:38am
Want the s4 to work like s5, good idea, use your cocks and see if the scanning works, that will help samsung find an idea on their own.
Tony - January 28, 2014 at 12:45am
K- Fingerprint scanner, WOW WHAT INNOVATION. WOW.... I had a fingerprint scanner on my 90s laptop. HAHAHAHAH.... Another INNOVATION copied. LOL. You guys make me laugh lol.... But wait, your right apple made the first fingerprint scanner, what you do to unlock is easy, you take your finger you shove up your ass, then you put your pile of shit on the scanner, it shows you that its really you because of how bad you smell. LOL...
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