Apple has reported the biggest quarterly profit ever made by a public company!
The company reported a net profit of $18bn in its fiscal first quarter, toping Russia’s Gazprom who held the record at $16.2bn in a quarter.
What made this surge? iPhones, of course.
Apple sold 74.5 million iPhones during the quarter, beating most analyst’s expectations. The iPhone has now become the company’s money maker, generating nearly 70% of Apple’s revenue.
Obviously to sell 74.5 million devices, they were all popular, Cook said. Both did incredibly well. We’re really proud of them, along with the iPhone 5s and 5c.
Cook also said that the iPhone 6 and 6 Plus brought the highest number of Android switcher to iOS.
Apple sold 74.5 million iPhones, 5.52 million Macs and has now shipped more than 1bn iPhones, iPads and iPods since 2007. The company also sold 21.4 million iPads during the same quarter, 18% lower than last year.
Shares rose 5.8 per cent in after-market trading to $115.42.
