Apple made R14 billion in profit every week in 2015
Tech giant Apple has recorded the largest profit in corporate history, raking in over $1 billion (R13.7 billion) a week for its 2015 financial year.
The iPhone maker – the world’s biggest company – record sales of its smartphone – 48 million sold in the last quarter alone – pushed profits to $53.4 billion (R730.7 billion) over the past year.
This surpasses the previous record holder, energy company ExxonMobil, which recorded $45.2 billion (R618.5 billion) in profit in 2008. Adjusted for inflation, that’s $50.1 billion (R685.6 billion).
iPhone sales pushed profits up by 31% in the fourth quarter, the company said, while its full year revenues were pushing towards a quarter of a trillion dollars – $233.7 billion (R3.2 trillion).
Apple made approximately $4.5 billion (R61.6 billion) in revenue per week – $1 billion (R13.7 billion) of which was pure profit.
More on Apple
Apple Watch and iPhone 6S, 6S Plus SA pricing and launch details
How Apple plans to kill voicemail
Loading ...