Apple Reports First-Quarter Results

Apple has 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. 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. “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.”More at