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Apple’s First Quaterly Reports

Technological innovations are growing day by day. Hence, Apple is hitting the market in terms of growth which is surely going to put a lot of pressure on its competitors. It has transformed itself and created its benchmark in all the fields by focusing on solving real consumer problems. All the devices whether be it an operating system, iPad, smart-phones or any other device have won over customers and critics thus establishing apple brand worldwide.

As was expected, Apple officially announced its consolidated revenues few days back about its fiscal year 2014. It is a Q3 report which consists of sales regarding iPhone 5s, 5c and regenerated Mac-books and is being considered as the first report since apple launched the new Retina iPad mini, iPad air and Mac-Book Pro.

Apple has announced its quarterly revenue 0f $57.6 billion and net profit of $13.1 billion for its fiscal 2014 first quarter which ended in December 2014. The company made an all time record by selling 51 million iPhones, 26 million iPads and 4.8 million macs, which is very high in comparison with quarter report obtained year ago, and thus created benchmark during this quarter. Apple’s CEO, Tim Cook stated the fact that their strong performance of Mac, growth of iTunes, software, services and iPhone and iPad sales record created a boom in the market.

Apple is looking forward to make greater innovations, rich featured products in order to cater their customers with best services thus making more user engagement.

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