Apple has today announced its fiscal Q1 2014 earnings, revealing their revenue and sales records for the iPad, iPhone and Mac during the last quarter.
These earnings include, $57.6 billion in revenue and $13.1 billion in net profit, from the sales of iPhones, iPads and Macs with 51 million iPhones sold (up from 47.8 million in the year-ago quarter), 26 million iPads (up from 22.9 million in the year ago quarter) and 4.8 million Macs (also up from 4.1 million in the year ago quarter).
Apple says that they are expecting revenue to be between $42 and $44 billion for next 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,” Tim Cook, CEO at Apple, said. “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.”
Despite the companies growth, the market has reacted negatively to the earnings report, with trading down 6%, which we can only guess is due to the missed analysts’ exceptions, who said that the company would report 55 million iPhones sold, not 51 million.
We should be hearing more about the earnings as the day goes on.