Apple’s Q1 2014 revenue tops $57 billion, record sales of 51 million iPhones and 26 million iPads

Apple announced its fiscal 2014 Q1 results today and the company has once again made billions. Coming off the busy holiday season saw Apple rake in record revenues of $57.6 billion and a quarterly net profit of $13.1 billion (USD). As for specific iPhone and iPad sales, Apple hit record numbers with a whopping 51 million iPhones and sold 26 million iPads during the quarter — both being “all-time quarterly records.”

Tim Cook, Apple’s CEO, stated, “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. 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.”

Later this year Apple is rumoured to launch two new iPhones, one with a display above 4.5-inches and another to take on competitors like Samsung with a display that’s larger than 5-inches. In addition the iPhones, Apple is also expected to enter the smart watch category, potentially with the “iWatch.”

Source: Apple