Apple just broke a global profit record

Apple’s $18 billion in profit for its first financial quarter for 2015 is the largest ever reported by a public company.

For the quarter ended 27 December, Apple reported revenue up to $74.6 billion from $57.6 billion recorded the year before.

Adding to this was the sale of 74.5 million iPhones during the period, which beat analyst expectations of under 70 million phone sales, according to Reuters.

  • iPhone revenue made up $51.2 billion (69%) of total revenue for the quarter.
  • Apple also sold 21.4 million iPads, totalling $9 billion in revenue.
  • 5.2 million Macs were sold, bringing in $6.9 billion in revenue.

Business Insider placed the company’s financials into perspective, noting that Apple’s revenue was three times Google’s total Q3 revenue in 2014.

Further, the company’s cash pile of $178 billion, would be enough to buy IBM at its current market capitalisation of $152.3 billion.

Analysts noted the company enjoyed great headwinds from sales in China, which were up 70% in the quarter, with growing sales in regions such as Singapore and Brazil.

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Apple just broke a global profit record