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Apple reported record sales of 51m iPhones, 26m iPads in Q1 FY 2014


Apple has announced the highly expected company’s fiscal year 2014’s Q1 results, as the result will be including the complete 3 months’ sales of all recently released new devices such as iPhone 5s, 5c, refreshed MacBooks, iPad Air, iPad Mini with Retina display and Mac Pro, especially during the holiday season.

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Near to the expected revenue of $55 billion to $58 billion, the Cupertino-based Apple reported $57.6 billion of first quarter revenue with $13.1 billion net profit. Last year, the company has reported $54.5 billion revenue with $13.1 billion net profit for the fiscal Q1 2013.

The company has also released the breakdown of device sales numbers that shows all-time record of 51 million iPhones, all-time-record of 26 million iPads, 4.8 million Macs and 6 million iPods.

The company will be providing the dividend of $3.05 per share to its shareholders on February 13, 2014. Apple’s Chief Financial Officer, Peter Oppenheimer said in the official press release,

“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.

However, Apple cautioned later that the revenue began to slowdown and forecasts a $42-$44 billion revenue in next quarter, while the analysts expected an average of $46 billion revenue. Following the forecast, Apple’s shares plunged nearly 8 percent in after-hours trading.


About Wayne Murphy

wmurphy@thenextdigit.com'
Writer and specialized in Mobile Phones (iOS, Android, BB etc), who was with the TND team since it's inception. Other than Blogging, he is also pursuing his graduation on Business Management at CA, California University. All posts by Wayne

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