Apple quarterly profit flat, iPhone sales hit new record

Tuesday 28 January 2014 | 08:39 CET | News
Apple reported revenues of USD 57.6 billion for its fiscal first quarter to December, up from USD 54.5 billion a year earlier. The growth was in line with the company's outlook and supported by the release of the new iPhones from September. The company's gross margin dropped to 37.9 percent from 38.6 percent, net profit was unchanged year-on-year at USD 13.1 billion, and EPS increased to USD 14.50 from USD 13.81 a year ago. Apple hit a new quarterly record with 51 million iPhones shipped, up from 47.8 million in the year-ago quarter. iPad shipments also reached a new record, of 26 million

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Categories: Mobile & Wireless
Companies: Apple
Countries: World
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