Apple's record profit: five numbers you need to know
euronews (in English)
2015-01-28
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Apple Inc has announced the biggest profit ever reported by a public company – a net figure of $18 billion (15.9 billion euros) for its first fiscal quarter.
The reason: record sales of iPhones over the holiday season, including a 70 percent rise in sales in China – this despite stuttering economic growth in the country.
Consumers pounced on Apple’s larger-display iPhone 6 and iPhone 6 Plus which went on sale in September.
Chief Executive Tim Cook has described the demand for the smartphones as “staggering” – this after years in which Apple had lost ground to its rivals.
- Apple’s net quarterly profit of $18 billion (15.9 billion euros) is equivalent to the budget of Nasa and around the same amount that France, Belgium and the Netherlands combined spend each year on overseas aid.
- The record profit exceeds the $15.9 billion (14 billion euros) made by ExxonMobil in the second quarter of 2012, according to Standard & Poors.
- Apple sold 74.5 million iPhones in the quarter,
The reason: record sales of iPhones over the holiday season, including a 70 percent rise in sales in China – this despite stuttering economic growth in the country.
Consumers pounced on Apple’s larger-display iPhone 6 and iPhone 6 Plus which went on sale in September.
Chief Executive Tim Cook has described the demand for the smartphones as “staggering” – this after years in which Apple had lost ground to its rivals.
- Apple’s net quarterly profit of $18 billion (15.9 billion euros) is equivalent to the budget of Nasa and around the same amount that France, Belgium and the Netherlands combined spend each year on overseas aid.
- The record profit exceeds the $15.9 billion (14 billion euros) made by ExxonMobil in the second quarter of 2012, according to Standard & Poors.
- Apple sold 74.5 million iPhones in the quarter,
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