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Last week, CNN Money released a report based on estimates from 47 amateur and professional analysts. At the time, the pros, who usually get it right, predicted Apple would come in at just over 24 million units sold, while the amateurs marked Apple with 26.6 million. Today, Apple proved that having a healthy overestimate can pay off sometimes. The iPad maker reported selling 26 million tablets.
Apple posted quarterly revenue of $57.6 billion with a net profit of $13.1 billion. While the company showed growth in revenue, the gross margin went down slightly from 38.6 to 37.9 percent in the same quarter last year. International sales made up 63 percent of the quarter’s revenue.
Apple sold 51 million iPhones, compared to 47.8 for the same quarter last year. Plus, the 26-million iPad sales reported this year is more than three million higher than last year, which came in at 22.9 million.
“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,” said Tim Cook, Apple’s CEO. “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.”
From what Cook has been saying for the past few months, 2014 will be a very good year for Apple. We don’t know what is in store for us, but we do know that the company promises to release new products throughout the year.
Keep an eye out for additional information from Apple’s quarterly earnings conference call later today.
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