Technology content trusted in North America and globally since 1999
8,588 Reviews & Articles | 67,067 News Posts

Apple delivers record Q1 2014 sales, over 51 million iPhones sold

Apple breaks its sales records for the iPhone and iPad with its latest revenue results

By Anthony Garreffa on Jan 27, 2014 04:41 pm CST - 0 mins, 42 secs reading time

After some major slumps in revenue, Apple is back, bigger than ever for its Q1 2014. Revenue reached $57.6 billion, setting a new quarterly record for the company, with profits reaching a nice $13.1 billion.

apple_delivers_record_q1_2014_sales_over_51_million_iphones_sold_08

Device sales are where it gets interesting, with iPhone sales bursting through the 50 million mark - the first time it has ever done so in a quarter. iPad sales also reached a new record, selling over 26 million units. The iPod didn't see the same success, with sales dropping to 6 million, down from 12.7 million at the same time last year.

apple_delivers_record_q1_2014_sales_over_51_million_iphones_sold_09

Apple has seen its share price completely erode from 2012 when we saw it coming - from $700 down to under $400 throughout 2013. At the moment, it is half way back sitting at around $550. Today's earnings report should help Apple claw back some of that much needed increase in stock prices.

Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games to be built around consoles. With FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with high-end, custom-built PCs. His addiction to GPU technology is unwavering, and with next-gen NVIDIA GPUs about to launch alongside 4K 144Hz HDR G-Sync gaming monitors and BFGDs (65-inch 4K 120Hz HDR G-Sync TVs) there has never been a time to be more excited about technology.

NEWS SOURCE:theverge.com

Related Tags