Apple records biggest quarterly profit in history
January 28 , 2015
Apple has posted the biggest quarterly gain ever announced by a public organization, according to media reports.
The U.S. technology giant revealed a net gain of $18 billion in its fiscal first quarter, which is more than the previous high of $15.9 billion by ExxonMobil in the 2012 second quarter, as per Standard and Poor's.
Record iPhone sales led to the profit margins, with Apple selling 74.5 million iPhones in the three months up to December 27, exceeding analyst expectations.