Apple Posts Record Shattering Profits

I’ve often wished I could win the lottery. I wouldn’t need much. Just enough to get me out of debt (American Universities cost more than a new Corvette Z06). However, I wouldn’t say no to a cool $18 billion either. Over the course of the first quarter of 2015 (Apple’s first fiscal quarter of 2015 ends in December), Apple pulled in $18 billion in profits. That’s after their costs are taken out of the picture. All together, people gave Apple $76 billion. Apple’s best seller was the iPhone, with 74.5 million units. Apple also sold 21.4 million iPads and 5.52 million Macs. Apple’s revenue beat everyone’s estimates, and was driven by their incredibly popular iPhone 6 and iPhone 6 Plus, as well as the new iPad Air 2 and iPad Mini 3. Apple’s Mac revenue even grew year over year. Bad news for the iPod though, it accounted for less than 1% of Apple’s revenue.

Tim Cook lead Apple through one hell of a fantastic quarter, and new products that answered consumers’ demands were a key part of that.

Source: The Verge


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