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Apple just recorded the largest quarterly profit in mankind's history

$18 billion in profit is a hefty chunk of change

Ben Gourlay | Jan 27, 2015 at 05:14 pm CST (0 mins, 47 secs reading time)

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.

Apple just recorded the largest quarterly profit in mankind's history | TweakTown.com

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

NEWS SOURCE:businesswire.com
Ben Gourlay

ABOUT THE AUTHOR - Ben Gourlay

Ben is based in Australia and has been writing entertainment based news and reviews since 2002 and for TweakTown since 2007. A student of film, Ben brings a wide understanding of the medium to the latest happenings in entertainment circles and the latest blockbuster theatrical reviews.

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