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22.9 million iPads sold as Apple posts $54.5 billion quarterly revenue

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While on its way to a "record quarterly revenue" of $54.5 billion for Q1 2013, Apple sold 22.9 million iPads. This, in addition to the "record" 47.8 million iPhones sold, helped generate a quarterly net profit of $13.1 billion. In the same period last year, Apple sold just 15.4 million iPads and 37 million iPhones, so this is clearly a big improvement.

“We’re thrilled with record revenue of over $54 billion and sales of over 75 million iOS devices in a single quarter,” said Tim Cook, Apple’s CEO. “We’re very confident in our product pipeline as we continue to focus on innovation and making the best products in the world.”

Apple CFO Peter Oppenheimer added, "We’re pleased to have generated over $23 billion in cash flow from operations during the quarter. We established new all-time quarterly records for iPhone and iPad sales, significantly broadened our ecosystem, and generated Apple’s highest quarterly revenue ever.”

As for other Apple devices, the company sold 4.1 million Macs and 12.7 million iPods, compared to the year ago quarter in which 5.2 million Macs and 15.4 million iPods were sold.

Looking ahead, Apple expects to generate revenue between $1 billion and $43 billion for Q2 2013.

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Matt Liebl You can follow Senior News Editor Matt Liebl on Twitter @Matt_GZ. He likes games, sports, musicals, and his adorable dog, Wrigley. And his wife.
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