Apple Financials Show Best Ever Corporate Profits
More great news for Apple as their financials are showing the largest quarterly profit in corporate history. Apple are currently the most valuable company on the stock market with reported profits of $18 billion (about £12 billion) for the third quarter of the year, which absolutely smashed the previous corporate record quarters.
Apple’s CEO Tim Cook said that their sales were “phenomenal” and confirmed that they had sold 34,000 iPhones per hour every day of the quarter, adding that “This volume is hard to comprehend.”
He also said “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 $74.6bn, and the execution by our teams to achieve these results was simply phenomenal.”
There is certainly no doubt that 2014 was Apple’s year with the release of the hugely successful iPhone 6 and iPhone 6 Plus and now the much anticipated release of the Apple Watch and the company expecting huge sales of the device.