Apple headquarters (Cupertino, Clifornia, exterior 001)

As expected, Apple is out with its financial report for Q1 2014 this afternoon. It’s an important one, as it follows a number of product releases in the late fall of last year, and then of course the holiday season, where the company typically posts huge numbers.

And it continues that tradition today. In a press release issued just a few moments ago, Apple announced that it sold 51 million iPhones, 26 million iPads, and pulled in $57.6 billion in revenue during its fiscal Q1—all record-breaking for the Cupertino firm…

Here is the full breakdown:

  • Revenue: $57.6 billion
  • iPhone units: 51 million
  • iPad units: 26 million
  • Mac units: 4.8 million

And here are some comments from CEO Tim Cook and CFO Peter Oppenheimer:

“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,” said Tim Cook, Apple’s CEO. “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.”

“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,” said Peter Oppenheimer, Apple’s CFO.”

apple q1 2014

Apple’s earnings call will start in just a few minutes. If you’d like, you can listen to a live webcast of the call via Apple’s online investors portal. Or, as usual, you can continue to check back with iDB later this afternoon for commentary and major announcements.

  • Virus

    Crazy amounts of money

  • Jonathan

    I’m assuming Tim is the one who receives all income?

    • JustMeJip2

      its true

      • Jonathan

        I wonder what he uses it for, besides for Apple… and groceries.

  • butterfield

    …and yet, it’s never enough for the “analysts” and Wall Street…

    • Melvco

      Apple missed iPhone sales estimates bad, by like 5-6 million units, and its guidance for Q2 revenue is also less than expected. I’m not saying I agree with it, but shares are down 5+% right now (about $30).

      • CollegiateLad

        They missed estimates? Lol

      • neogeo71

        I long for the day when a company can just report on record sales, instead of “missing” some analysts estimates? lol! if the analyst new anything about business, they would be in business themselves.

      • quitcherbichinn

        Yes the typical doom and gloom when they sold more year over year for the quarter and made record amount in revenue. Yes they are in so much threat of going belly up with making over $57 BILLION in ONE quarter. The problem is allowing “analysts” to guess and speculate. I don’t care what qualifications they have, they never seem to know what the hell they are talking about. Just pull whatever number and whatever rumor you want out of your backside and call it “speculation” and BAM! you have a career as an analyst.

      • Sean Clark

        It was because of the iPhone 5c. There were a couple huge production cuts this quarter on the new phone, meaning they were not meeting expected sales. This is the aftermath.

  • jack

    Comparison graphs please

    • quitcherbichinn

      51 million iphones q1 2014 vs 47.7 million iphones in q1 2013…so a 3 million + increase year over year for the quarter and roughly 17.7 million more units sold than q4 2013, the prior quarter. 20 billion more in revenue in quarter 1 2014 vs quarter 4 2013 and 3 billion more comparing same quarter 2014 vs 2013. in other words…all of the numbers are better so the “doom and gloom” from analysts and wall street are unjustified and stupid, as usual.

  • Liam Mulcahy

    Look at that apple stock went up 4.43%

    • Rowan09

      Wall Street guys control the market, sales doesn’t mean much anymore.

  • Cool

    It really makes me think… 57.6 BILLION dollars earned, in only a few months, and only by Apple while over a billion people are starving of hunger and live in crappy houses!

    We spend 450 billion $ on christmas per year while it is estimated that 10 billion dollars is needed to solve the world’s water problems.

    It makes me think that we really have the potential to help people.

    • packerrd

      Yeah go build the infracture

  • eKoknight

    What about iPods more so iPod touch?