Wall Street is eating humble pie for breakfast this morning, as Apple posted better-than-expected results for its financial Q2 2014 (that’s Q1 2014 to you and me).
Revenue was up a fair bit from the year-ago figure, outperforming estimates from Wall Street – and even Apple’s own expectations.
Talking figures, Apple recorded $10.2 billion profit on revenue of $45.6 billion. That latter figure is higher than Wall Street’s estimate of $43.5 billion, Apple’s $42-44 billion estimate, and – importantly – the $43.6 billion the Californians reported this time last year.
One of the big winners was the iPhone, with 43.7 million units sold, a significant increase from the year-ago 37.4 million.
However, things aren’t quite so sweet with the iPad. On the face of it, 16.3 million units might sound pretty sexy, but not as sexy as the 19.5 million Apple shifted in the year-ago quarter.
"We're very proud of our quarterly results, especially our strong iPhone sales and record revenue from services," purred Apple CEO Tim Cook. "We're eagerly looking forward to introducing more new products and services that only Apple could bring to market."
Some of those “new products” might well include an iPhone 6 at two sizes (4.7in and 5.5in), and the Apple iWatch.