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51m iPhones, 26m iPads sold: Now for Apple's iPhone 6 vs Samsung's Galaxy S5 war

28 Jan 2014

Apple's iPhone 6 vs Samsung's Galaxy S5 war

Apple declares profit of $13.1 billion

Apple has scored over rival Samsung yet again with record sales during the last quarter.

The company yesterday declared that it had earned a profit of $13.1 billion during the last quarter and sold 51 million iPhones, 26 million iPads and 4.8 million Macs setting an all-time quarterly record.

It also forecast that the revenue stream during the next quarter would be between $42 billion and $44 billion.

The company sold 47.8 million iPhones, 22.9 million iPads and 4.1 million Macs in the last quarter.

Announcing financial results for its quarter ended December 28, 2013, Apple said it has posted record quarterly revenue of $57.6 billion and quarterly net profit of $13.1 billion, or $14.50 per diluted share.

During the same quarter in the previous year, Apple had maintained similar profit margins with revenue of $54.5 billion.

According to Apple, the gross margin was 37.9 per cent compared to 38.6 per cent in the year-ago quarter. International sales accounted for 63 per cent of the quarter’s revenue.

Tim Cook, Apple’s CEO 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.”

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