Apple profit hits new high, iPhone-iPad sales soar

Customers visit the Apple store at The Grove on January 23, 2013 in Los Angeles, California. Apple reported $54.5 billion in revenue, just shy of Wall Street estimates; $13.1 billion in profit, flat from the year-ago quarter; and earnings of $13.81 per share. Kevork Djansezian/Getty Images/AFP

SAN FRANCISCO—Apple on Wednesday reported that its quarterly profit hit a new high as iPhone and iPad sales soared to unprecedented levels in the final months of last year.

Apple said it made a profit of $13.l billion on revenue of $54.5 billion in the fiscal quarter that ended on December 29. The California-based company sold 47.8 million iPhones and 22.9 million iPads, setting new quarterly records.