Apple has posted revenue of $57.6 billion and quarterly net profit of $13.1 billion, or $14.50 per diluted share in the first fiscal quarter of 2014 (fourth calendar quarter of 2103), compared to revenue of $54.5 billion and quarterly net profit of $13.1 billion, or $13.81 per diluted share in
the year-ago quarter. Here's a break up of the sales numbers by product: Apple sold 51 million iPhones in the quarter, compared to 47.8 million in the year-ago quarter. Apple sold 26 million iPads during the quarter, compared to 22.86 million in the year-ago quarter. The company also sold 4.8 million Macs, compared to 4.06 million in the year-ago quarter. Gross margins were 37.9 percent compared to 38.6 percent in the year-ago quarter. Apple's CEO Tim Cook said this about his company's performance: "We are really happy with our record iPhone and iPad sales, the strong performance of our Mac products and the continued growth of iTunes, Software and Services. We love having the most satisfied, loyal and engaged customers, and are continuing to invest heavily in our future to make their experiences with our products and services even better." Apple will host a conference call at 5:00 PM Eastern / 2:00 PM Pacific to discuss its Q1 2014 earning results. It will provide live streaming of its Q1 2014 financial results conference call at http://ift.tt/1cYLyvb.
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