Apple Inc. (NASDAQ:AAPL) sold 51 million iPhones in the first quarter of 2014. This is the first time that Apple sold over 50 million iPhones in a single quarter. Apple sold 47.8 million iPhones in the same quarter in 2013. Apple sold 26 million iPads, which is up from 22.9 million in the same quarter of 2013.
Wall Street analysts were expecting Apple to sell around 55 million iPhones for the quarter due to the introduction of the iPhone 5c and iPhone 5s. This quarter includes the sales of the iPad Air and the iPad mini with Retina Display. Apple also announced earnings of $14.50 per share on revenues of $57.6 billion for the first quarter. This is ahead of Wall Street analyst estimates for earnings of $14.09 per share. This is up from the same quarter a year earlier of $13.81 per share with revenues of $54.5 billion. Apple’s stock has dropped over 7% in after-hours trading due to weaker-than-expected iPhone unit sales numbers.
?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,? stated Apple CEO Tim Cook. ?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.?