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Apple Inc recorded the highest-ever profit of 18 billion US dollars in corporate history worldwide

Jan 28, 2015 18:49 IST

Apple Inc on 27 January 2015 recorded highest quarterly profit of 18 billion US dollar. The company sold 74.5 million iPhones in quarter ending December 2014.

According to S&P analyst Howard Silverblatt, the profit of 18 billion US dollar was the largest profit ever made by a public company in the corporate history worldwide.

The revenue of the Apple Inc rose to 74.6 billion US dollar in 2014 from 57.6 billion US dollar in 2013. Apple now has a cash pile up of 178 billion US dollar which is enough to buy IBM or the equivalent to pay 556 US dollar to every American.

The success of Apple in the competitive Chinese market can be attributed to its partnership with China Mobile Limited the largest global mobile carrier, and the appeal of the larger screen size of the iPhone 6 and 6 Plus.

The big-screen iPhone 6 and 6 plus drove revenues in China which increased by 70 percent in the quarter ending December 2014 compared to quarter ending December 2013.  Also, the sale of iPhone doubled in Singapore and Brazil.

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Read more Current Affairs on: Apple Inc , highest-ever profit , corporate history worldwide

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