Apple sold record 51m iPhones, 26m iPads in Q1 2014

Apple had given a new meaning to the word technology when it first launched the iPhone seven years back. Though rival companies like Samsung and some others have dominated the market because of their low cost smartphones, Apple has been able to sustain its own client base.

Investors have been sceptic about the future as Apple had lost some ground and was not able to find a place in the cheaper smartphone market. Even its comparatively low cost iPhone 5c could not do as well as was expected. The company had the lowest improvement in 2012 with shipments of about 153.4 million and showed a year to year improvement of 12.9% only while companies like Samsung, Huawei, Lenovo and LG did better sales.

But much to the delight and relief of Apple investors and fans the company had a mixed first quarter in 2014. It reported revenue of $57.6 billion with $13.1 billion net profits that accounted to $14.50 per share. It meant a growth of 5.7 percent in revenue and 5 percent in earnings per share comparing year over year.

Sales wise, Apple sold 51 million iPhones, 26 million iPads and 4.8 mill...