Apple Set iPhone and iPad Records in Latest Quarterly Results

28th January 2014
Apple have announced new records in revenue, iPhone and iPad sales in its latest quarterly results.

Record Revenue
The figures posted by Apple show a record quarterly revenue of $57.6 billion with a net profit of $13.1 billion or $14.50 per diluted share. Last years same quarterly figures showed a revenue of $54.5 billion, a rise of $3.1 billion this year. Last year net profit was also $13.1 billion or $13.81 per diluted share. Apple also declared its international sales made up 63 percent of its quarterly revenue.

Record iPhone and iPad Sales
More good news from Apple, with iPhone sales at an all time quarterly record of 51 million units, up 3.2 million on this time last year. They also broke the record for sales of iPads, reaching 26 million sold worldwide, up 3.1 million on this time last year. Although not a record Mac sales also increased from 4.1 million to 4.8 million.

Cash Dividend
Due to these successes Apple's Board of Directors have declared a cash dividend of $3.05 per share of the Company’s common stock with this payable on February 13th 2014.

Tim Cook, Apple’s CEO commented on the record sales “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 Inc was established on April 1 1976 in California (USA) It was originally called Apple Computer Inc but removed the "Computer" in 2007 after 30 years due to its change in focus from Computers to a more Consumer Electronics marketplace. Apple are best known for their products such as iPhone, iPad and iPod as well as the Mac Operating System and iTunes.

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