Friday, January 31, 2014

Apple Record Sales Over the Holidays




Apple has reported their financial results for fiscal Q1 of 2014, and no surprise here the results are better then ever. Their revenue in Q1 is $57.5 billion with $14.5 billion net profit. Just for comparison, last year in Q1 of 2013, Apple had a revenue of $54.5 with a net profit of $13.1.

During this holiday season they have sold a record number of iPhones and iPads. The number of iPhones that were sold is 51 million, no information was given how much of 5s and 5c just the total sale. Apple tablets iPad Air and iPad Mini with Retina display reached a number of 26 million units sold, which is also a record for the company.

The interesting part is that the Wall Street is actually disappointed by these results, because by their predictions Apple was supposed to sell even more iPhones and iPads. Guess some people are never happy, even when the sales results are better then ever.

Source engadget.

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