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

POST

MAIL

Posted January 27, 2014 at 9:48pm by iClarified

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).

To be informed of any updates please follow iClarified on Twitter, Facebook, or RSS.

Read More PDF

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

Follow iClarified

THui - 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.

Reply · Like

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....

gamerscul9870 - January 28, 2014 at 12:46am

Wait until an iris scanner is made, wait for blind mode activation on people, or maybe it's not too late for a dick scanner.

gamerscul9870 - January 28, 2014 at 12:39am

Mission accomplished! You proved yourself.

Steve in Hell - January 28, 2014 at 12:40am

So What does Nat means. "Not a Troll", guest what you are the king of all the Trolls. Steve in Hell Rules.

gamerscul9870 - January 28, 2014 at 12:36am

I see samdungs are still praying for success no matter how far they go.

Steve in Hell - January 28, 2014 at 12:44am

Samdungs will definitely fit in your ass, cause apple is way too small, you like the big if not huge.

gamerscul9870 - January 28, 2014 at 12:33am

See, you did it again.

gamerscul9870 - January 28, 2014 at 12:34am

You're calling me that yet you're making myths on an apple site. I see why galashit 4 is in condition.

gamerscul9870 - January 27, 2014 at 11:39pm

The irony of a troll trying to defend himself on an apple site, all for nothing.

Nitro Junkie - January 28, 2014 at 7:23am

If all those companies were so much better at making phones and innovating before Apple entered the phone business why has apple lead in phones sales and profits every year? Before only with 1 phone and now with 2! They've made more phones and money in just 7 years than all those companies combined made in the years before the iPhone came along! And you say apple copied? If they were so much better Why did all those phone companies follow the path apple took? When Apple started making phones people finally started realizing that the phones they were previously buying were crap and the companies that made them were milking money out of them for years with crap products. Apple has a vision and innovates. Unlike all the companies you've mentioned who just throw multiple different models on the shelves to scam people and make a quick buck. And still with numerous different models Everyone's sales are going down. Except apples, who only sells 2.