Apple reports record revenue from the fiscal Q1 of 2014 

Apple announced its financial results for the fiscal Q1 2014. The Cupertino giant achieved record quarterly revenue of $57.6 billion. Net profit hit $13.1 billion or $14.50 per diluted share during the period which covers from October to December of last year. Apple’s Board of Directors declared a cash dividend of $3.05 per share of its common stock .
Apple’s revenue number shows an increase over the same period of last year, while the net profit has remained mostly the same. The company’s gross margin was 37.9%, while international sales brought 63% of the revenue during the fiscal quarter.

Thanks to the new product launches and busy holiday season, Apple sold a record number of iPhone and iPad devices in Q1. The company moved 51 million iPhones and 26 million iPads – impressive figures considering the size of its product lineup. The sales of Apple iPod devices decreased to a tad above six million, while the Mac range is responsible for a little over 4.8 million units.
Going forward, Apple expects the revenue in fiscal Q2 2014 to reach between $42 billion and $44 billion. Gross margin is expected to remain between 37% and 38%.