Apple has posted the biggest quarterly profit in history

Apple has managed to break several records this week with its first fiscal quarter earnings report of the year, managing to post the biggest quarterly profit of any company ever in history. Over the last several months, Apple managed to generate a profit of $18 billion.

This beat out the previous record holder, Russian oil and gas firm, Gazprom, which had managed to generate $16.2 billion back in 2011. Apple managed to make $74.6 billion revenue total ,which was helped along by booming sales of the iPhone 6 and 6 Plus.

Apple managed to sell 74.5 million iPhones over the holiday season alongside 21.4 million iPads and 5.52 million Macs. In a statement, Apple CEO Tim Cook said: “We’d like to thank our customers for an incredible quarter, which saw demand for Apple products soar to an all-time high. Our revenue grew 30 percent over last year to $74.6 billion, and the execution by our teams to achieve these results was simply phenomenal.”

These financial results beat out Apple's own estimations along with the estimations of many industry analysts. Apple also managed to sell its billionth iPhone during the quarter. Despite the sales boom, Apple no longer reveals the sales numbers for the iPod line, which have likely dwindled due to the popularity of the iPhone and the fact that many now use their smartphones as music players.

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KitGuru Says: Whether you love them or hate them, there is no denying that Apple is a hugely successful company and won't be going away any time soon. 

Via: Forbes, The Verge
Source: Business Wire

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