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’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.