Apple Q1 2014 Numbers: $158.8 Billion in Cash, 65 Billion Apps Downloaded, and 420 Total Retail Stores [iOS Blog]

During its financial results conference call for the fourth calendar quarter of 2013 and first fiscal quarter of 2014, Apple shared new numbers about its product sales for the quarter, announcing record high sales for both iPhones and iPads, along with strong Mac and iTunes service sales. The company also posted numbers on the performance of its retail stores for the quarter.



Apple announced during the call that it had sold 51 million iPhones compared to 47.8 million in the year-ago quarter, an increase of 3.8 million year-over-year. Apple also noted strong sales in Japan due to its new partnership with the country's biggest carrier, NTT DoCoMo. iOS 7 usage also climbed during the quarter as Apple stated that 80% of compatible devices are running the latest software update, becoming the most popular operating system in the world.

Meanwhile, Apple also stated that it had sold 26 million iPads during the quarter, an increase of three million units from the year ago quarter. The company also noted that the response to the cheaper, non-retina iPad mini was very strong, with total iPad sales very strong in regions such as mainland China, the Middle East, Latin America, Russia, and parts of Western Europe. Overall, the iPad held a satisfaction rate of 97% through the quarter, with 6.2 million units in channel inventory.

In terms of Mac sales, Apple announced that it had sold 4.8 million Macs compared to 4.1 million in the year-ago quarter. This was due in part to significantly increased sales of the iMac and the MacBook Air, with growth in the operating segment led by Europe and Greater China. For iTunes sales, Apple saw $4.4 billion come from iTunes services, with record billings of $4.7 to iTunes account due to strong App Store sales.

Apple shared numbers on the performance of its retail stores as well, posting a record $7 billion revenue, up 9% from the year ago quarter. The company credits the strong numbers to the record iPhone and iPad sales along with strong Mac sales, and stated that it remodeled 6 stores along with opening 4 new stores. In total, Apple now has 420 total stores with 166 outside of the U.S.

Overall, Apple shared via its financial results report that it has posted a revenue of $57.6 billion and net quarterly profit of $13.1 billion, or $14.50 per diluted share, compared to revenue of $54.5 billion and net quarterly profit of $13.1 billion, or $13.87 per diluted share in the year-ago quarter.

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