Apple makes history with largest quarterly profits ever recorded.

Posted on January 28, 2015 by admin

Apple unveils new iPhones and smartwatch Apple iPhone 6 and iPhone 6 Plus

US technology giant Apple has posted the highest quarterly profits figures ever recorded by a public company.

Apple posted a profit of $18 billion for its fiscal 2015 first quarter ended December 27, 2014.  Apple’s revenue has grown to $74.6 billion over 2014, which represents a 30% increase from the previous year.

The surge in profits are largely due to impressive sales of the new iPhone 6 models, with a staggering 74.5 million units being sold in the three months to December 27 2014.

Growing markets in India, South America and China have helped boost sales of the new iPhone range, with Chinese sales up 70% over last year at $16 billion.

Research firm Canalys released a report this week stating that Apple was now China’s largest supplier of smartphones (by units shipped) in the fourth quarter of 2014.

 

 

 


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