A little over fifteen years ago Apple was on the verge of bankruptcy. In a final convulsion, the company decided to bring back its exiled founder Steve Jobs who, as we all know, went on to revolutionise the company to the powerhouse it is today. Still, not many industry analysts called today's profit result for the company, which has just broken the record for the largest quarterly profit in history.
According to the release from the company, up until the quarter ending quarter ending December 27 2014, Apple earned $74.6 billion in gross revenue and recorded quarterly net profit of $18 billion, primarily off the back of strong strong sales of iPhone and Mac products leading into the Christmas period.
To put the revenue result in context, this is more than Microsoft and Google combined, with the latter making less than what Apple did in this quarter in all of 2014. Apple shares closed last night at just under $110 dollars.
Last updated: Aug 22, 2015 at 12:18 pm CDT
- PlayStation game demos are coming back with Sony's ambitious new plan
- Nintendo made $1.23 billion in profit over holiday 2019 quarter
- Non-profit .org domain has been sold, price caps taken away
- Apple could acquire Disney because of coronavirus COVID-19
- Biggest explosion in the Universe since the Big Bang detected
- > NEXT STORY: The ROG V-3 is custom-cased ASUS ROG build with a banana for scale
- < PREVIOUS STORY: Watchit is a universal smartwatch charging station