Apple’s revenue amounted to $54.5 billion in Q1 with earnings of $13.81 per share. Apple posted $13.1 billion in profit. This means that Apple narrowly missed street estimates on the revenue numbers, but beat on profits. It’s important to remember that there were only 13 weeks of sales included in Q1 2013, as compared to 14 weeks in the year-ago quarter. That inflates the actual values reported quite a bit.
“We’re thrilled with record revenue of over $54 billion and sales of over 75 million iOS devices in a single quarter,” said Tim Cook, Apple’s CEO. “We’re very confident in our product pipeline as we continue to focus on innovation and making the best products in the world.”
That amounted to Apple’s highest revenue quarter ever.
Here’s how the charts stood as of Q1:
Apple sold 47.8 million iPhones, a record number which is up 23% year over year, and 22.9 million iPads this quarter, up 33% year over year. Apple sold 4.1 million Macs during the quarter, bringing sales down 22% when compared to the same quarter a year ago. iPod sales were at 12.7 million, which is down 18% year over year.
Apple typically estimates its earnings and revenue slightly lower than the actual. Financial analysts are all over the map, but lately the amateurs and independents have been more accurate than the pros. This year, Apple provided only an estimate range of between $41B and $43B for Q2, 2013.