Apple posts highest-ever quarterly profit by a public company

28 Jan 2015

US technology giant Apple has announced record quarterly revenue of USD74.6 billion for its fiscal 1Q15, which ended 27 December 2014, up from USD57.6 billion one year earlier. The company also posted record quarterly net profit of USD18 billion, compared to USD13.1 billion in the year-ago period. Apple notes that international sales accounted for around 65% of the quarter’s revenue. The results were fuelled by all-time record revenue from iPhone and Mac sales as well as a record performance from the App Store. iPhone unit sales of 74.5 million also set a new record.

Apple CEO Tim Cook commented: ‘We’d like to thank our customers for an incredible quarter, which saw demand for Apple products soar to an all-time high. Our revenue grew 30% over last year to USD74.6 billion, and the execution by our teams to achieve these results was simply phenomenal.

Credit agency Standard & Poors notes that Apple’s quarterly net profit represents the biggest quarterly profit ever made by a public company, topping the USD15.9 billion generated by ExxonMobil in the second quarter of 2012.

United States, Apple