Apple reveals record iPhone sales and revenue for Q1

Apple reveals record iPhone sales and revenue for Q1

Apple posted impressive Q1 results with record quarterly revenues and record iPhone sales.

The American manufacturer sold 51 million iPhones during its first quarter, recording revenues of $57.6 billion (£34.7 billion) and a quarterly net profit of $13.1 billion (£7.8 billion). The number of iPhone sold over this period surpassed the 47.8 million sold in the same period in 2012. iPad sales also broke records with 26 million sold in the three month period, bettering the year-ago quarter by more than 3 million units.

Apple CEO Tim Cook said: ‘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.’

CFO Peter Oppenheimer added: ‘We generated $22.7 billion in cash flow from operations and returned an additional $7.7 billion in cash to shareholders through dividends and share repurchases during the December quarter, bringing cumulative payments under our capital return program to over $43 billion.’

Last week, Mobile reported that Apple's smartphone rival Samsung revealed a decline in profits for the first quarter in two years, although the Korean manufacturer still holds larger worldwide market share.

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