Apple Records Biggest Quarterly Profit in Entire History of Capitalism

By Gary Cutlack on at

Extreme pent-up demand for bigger iPhones led Apple to the largest quarterly sales figure ever posted. Not just for Apple, but across all companies, ever. More than Ford ever made in a quarter. More than Glaxo. More than BP. More than Mars Confectionary.

In total, Apple recorded an immense $74.6bn (£51bn) in revenue for the financial quarter ending on December 27, with $18bn (£12bn) going straight beneath the offshore mattress in the form of pure net profit. That was thanks to a staggering performance from this year's two new iPhones, with Apple shifting 74.5 million iPhones during the quarter -- also a new in-house record number.

Boss Tim Cook thanked his little group of money-making geniuses in the announcement, saying: "Our revenue grew 30 percent over last year to $74.6 billion, and the execution by our teams to achieve these results was simply phenomenal." [Apple]