Apple reports a quarterly profit of $18.4 billion, the largest in history
- 8 years ago
Apple's profits typically skyrocket during the fourth quarter, when new models of the iPhone often arrive and shiny new devices are purchased as holiday gifts.
Last year Apple notched a record $18 billion in profit during this period, the largest ever recorded by a single public corporation.
This year the company topped that, generating a profit of $18.4 billion on $75.9 billion in revenue during the last three months of 2015.
The average sale price for its best selling devices, the iPhone, iPad, and Mac, was also a record high, boosting Apple's margins to 40.1 percent.
But, the company also predicted that revenue for the second quarter of 2016, which for Apple is the first three months of this year, would come in between $50 and $53 billion.
Last year Apple notched a record $18 billion in profit during this period, the largest ever recorded by a single public corporation.
This year the company topped that, generating a profit of $18.4 billion on $75.9 billion in revenue during the last three months of 2015.
The average sale price for its best selling devices, the iPhone, iPad, and Mac, was also a record high, boosting Apple's margins to 40.1 percent.
But, the company also predicted that revenue for the second quarter of 2016, which for Apple is the first three months of this year, would come in between $50 and $53 billion.