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

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.

 

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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.

 

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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.

Read more at http://www.tweaktown.com/news/35102/apple-delivers-record-q1-2014-sales-over-51-million-iphones-sold/index.html#LwlEvbbAbhsUpGz3.99