Apple’s $18 billion in profit for its first financial quarter for 2015 is the largest ever reported by a public company.<\/p>\n
For the quarter ended 27 December, Apple reported revenue up to $74.6 billion from $57.6 billion recorded the year before.<\/p>\n
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.<\/p>\n
Business Insider placed the company’s financials into perspective, noting that Apple’s revenue was three times Google’s total Q3 revenue in 2014.<\/p>\n
Further, the company’s cash pile of $178 billion, would be enough to buy IBM at its current market capitalisation of $152.3 billion.<\/p>\n
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.<\/p>\n
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