Another fruitful quarter for Apple

CUPERTINO, Calif. — Apple posted a first quarter profit of $13.1 billion, or $13.81 per diluted share, and $54.5 billion in revenue, thanks to the continued popularity of its iPhone and iPad products.

These results compare with revenue of $46.3 billion and net profit of $13.1 billion, or $13.87 per diluted share, in the 14-week year-ago quarter. 

Apple sold a record 47.8 million iPhones in the quarter, compared with 37 million in the year-ago quarter. Apple also sold a record 22.9 million iPads during the quarter, compared with 15.4 million in the year-ago quarter. 

“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.”

For the fiscal 2013 second quarter, Apple expects revenue between $41 billion and $43 billion.