Apple breaks revenue, iPhone, and iPad records in Q1 of 2014

Apple has just released its financial results for the first quarter of fiscal 2014, which runs from the beginning of October to the end of December. The company earned $13.1 million in profit on a record $57.6 million in revenue. Both the revenue numbers and the company’s 37.9 percent gross margin were in line with the guidance Apple released at the end of last quarter.

As usual, the iPhone, iPad, and Mac were Apple’s three biggest revenue drivers. This was the first full quarter of availability for the iPhone 5S and 5C, and new iPads and Retina MacBook Pros were released early in the quarter. Apple sold 51 million iPhones, up from 47.79 million in the year-ago quarter; 26 million iPads, up from 22.86 million a year ago; and 4.84 million Macs, up from 4.06 million last year. These three categories alone make up 87.4 percent of Apple’s total revenue. The iPhone and iPad numbers represent new quarterly records for the company, while this is the first significant year-over-year increase in Mac sales the company has experienced in some time.

The iPod continued its long, slow slide this quarter. It sold 6.05 million units, down from 12.68 million a year ago. It’s worth noting that Apple didn’t refresh the iPod lineup this year, opting to keep its 2012 products around for at least another year, but the iPod line’s sales continue to be eaten up by smartphones and tablets whether new models are released or not. The entire lineup accounted for just 1.7 percent of the revenue pie this quarter.

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via Ars Technica


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