Apple Breaks iPhone and iPad Sales Records in Q1 2014

Company reports over $57 billion in revenue.

Apple has announced that it has broken iPhone, iPad, and quarterly revenue records in Q1 2014, generating over $57.6 billion in revenue with a profit of $13.1 billion. Of that enormous sum, which accounts for business through October through December, iPhones sales exceeded 51 million units, while the iPad sales reached 26 million — an all-time high for both products. iPod sales, on the other hand, were halved year-over-year, dropping to just 6 million units from 12.7 million this time last year. Apple moved 4.8 million Macs in the period, up from 4.1 million in the year prior.
The announcement comes on the heels of new rumors regarding the iPhone 6, which analysts claim will feature a larger, 4.8-inch display in order to compete with the growing competition from Samsung and other device makers. However, as today's figures show, Apple's business is healthier than ever, with exception to the waning popularity of its iPod line.
Apple will hold a media briefing later today to discuss its earnings and answer questions from analysts, so stay tuned for updates.

 

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