Apple reported its first quarter 2014 financial results today, selling 51 million iPhones and 26 million iPads, both all-time quarterly records. The company reported a record $57.6 billion quarterly revenue, as well as quarterly net profit of $13.1 billion, or $14.50 per diluted share. Apple sold 6 million iPods, a 52 percent decrease in units from Q1 2013.
iPhone unit sales were up 7 percent, and iPad unit sales were up 14 percent from Q1 2013.
Gross margin was 37.9 percent, compared to 38.6 percent in Q1 2013. Apple noted that international sales accounted for 63 percent of revenue in Q1 2014.
For Q2 2014, Apple is providing guidance of revenue between $42 billion and $44 billion, and gross margin between 37 percent and 38 percent. Apple’s earnings call will begin at 5 p.m. EST, and can be heard live on the company’s investor website.
