Apple Q1 2014 – $57.59 Billion in Revenue; 51M iPhones Sold

by Todd Haselton | January 27, 2014

Apple - Earnings - Money

Apple just announced its fiscal first quarter earnings for 2014, revealing its highly anticipated sales figures for the iPad and iPhone during the 2013 holiday season. Analysts polled by Fortune were calling for record iPhone sales and record iPad sales during the quarter leading into today’s announcement. particularly because Apple had its new iPad Air and iPad mini with Retina display on the market just in time. So how did Apple do?

The Wall Street consensus called for earnings per share (EPS) of $14 on revenue of $57.5 billion for the quarter, and Apple reported revenue of $14.50 on $57.6 billion. Apple shipped a record 51 million iPhones, a record 26 million iPad units and 4.8 million Macs. Those iPhone figures are well below Street expectations of 57 million units sold, however.

A year ago, in fiscal Q1 2013, Apple missed Wall Street estimates but reported revenue of $54.5 billion and a net profit of $13.1 billion, its previous best quarter ever. Last quarter, fiscal Q4 2013, Apple reported an EPS of $7.96 on $36.93 billion in revenue.

Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...