Thursday, January 29, 2015

Apple $18billion in profit for Q1 2015, the largest in its history

Apple blew away its own projections with a record-breaking $74.6 billion in revenue, leading to $18 billion in net profits. Both profit and revenue topped Apple’s previous records set in Q1 2014.

Apple’s record-breaking quarter was aided in large part by unprecedented demand for the iPhone 6 and 6 Plus. Total iPhone sales hit an astounding 74.5 million, while only 65 million was expected. The iPad experienced decent holiday sales, with 21.4 million sold, and Mac sales didn’t disappoint either. With 5.5 million sold, it’s no wonder Tim Cook called the quarter “simply phenomenal.”

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