iPhone and Services Lift Apple

Apple reported a 5% year-on-year increase in revenue in the first quarter of 2014 to 45.65 billion US dollars, lifted by a 14% increase in iPhone sales and a 11% rise in software and services revenue. Apple said it expects to generate revenue of between 36 billion and 38 billion in the current quarter. The midpoint would represent an increase of 5% year-on-year. source: Apple statement