Financial results also show record revenue

Apple sells record number of iPhones and iPads

Apple has posted its Q1 2014 results, reporting record revenue and iOS device sales.

For the quarter, which ended December 28th 2013, the firm posted a record revenue of $57.6 billion and a net profit of $13.1 billion. These results translate to a value of $14.50 per diluted share.

The results were driven by the highest-ever level of iOS device sales, with 51 million iPhones and 26 million iPads sold during the quarter. The devices sold 47.8 million and 22.9 million a year previous.

Sales of Mac computers were also up, with 4.8 million sold – compared to 4.1 million in the same time period a year ago.

“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 Apple CEO Tim Cook.

"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,” added Peter Oppenheimer, Apple’s CFO.

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