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Apple Posts $13.1 Billion First Quarter Profit

January 27, 2014
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Apple said Monday that it posted a first quarter profit of $13.1 billion, from revenue of $57.6 billion. The profit was level with the same period last year.

The company also broke records in selling 51 million iPhones and 26 million iPads. The quarter covered the holiday season.

“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,”  Tim Cook, Apple’s CEO, said as part of the announcement. “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.”


 

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