Apple posted yet another record first quarterly earnings statement on Wednesday evening, reporting a record $54.5 billion in revenue, $13.1 billion in profit and $13.81 diluted earnings-per-share. But the profit was the same as the first quarter last year, also $13.1 billion.
And while Apple said it sold more iPhones that in any previous quarter in history: 47.8 million, and more iPads than any prior quarter, 22.9 million, analysts were expecting on the order of 50 million iPhones sold, especially following the debut of the iPhone 5 in September and because this is the first full quarter to feel its impact.
Worryingly but conducive with the more standard PC industry’s decline, Apple’s Mac computer sales were also down 16 percent, from 4.9 million to 4.1 million, despite the fact Apple introduced new models.
Apple will begin its earnings call to go over the results at 5 p.m. EST. It can be livestreamed here.
