Apple reports highest quarterly earnings of US $74.6 billion
Apple announced it's quarterly results today and it was a doozy. With record breaking sales of its new iPhones, as well as good holiday sales of Macs and iPads, the company reported earnings of US $74.6 billion, with a net profit of US $18 billion. The number marks Apple's best quarterly earnings ever.
Apple announced it's quarterly results today and it was a doozy. With record breaking sales of its new iPhones, as well as good holiday sales of Macs and iPads, the company reported earnings of US $74.6 billion, with a net profit of US $18 billion. The number marks Apple's best quarterly earnings ever. Apple sold 74.5 million iPhones, 21.4 million iPads, and 5.52 million Macs, with only iPad's numbers having dropped from last year. “We’d like to thank our customers for an incredible quarter, which saw demand for Apple products soar to an all-time high,” said Tim Cook, Apple’s CEO, in a statement. “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.”Apples earnings were also up 70 percent in China from last year, reported Reuters, most likely due to the company's local partnership with China mobile. Apple is also not reporting separate sales for it's iPod anymore, but has lumped it into a new "others" category, along with its Beats headphone series and the Apple TV.