US technology company Apple says that in the last quarter they had net profit of $ 18 billion, which a record is.
Earlier today, not even a single public company had that profit in a quarter is reported that this is due to record sales of Apple iPhone 6 and 6 Plus.
According to Standard & Poor earlier record for highest profit quarterly was made by an oil company ‘Agzon Mobil Oil Company’, which had 15 billion and 90 million dollars in the second quarter of 2012, profit was.
From September, 27 to December, 27 Apple sold iPhones of 74.5 million dollar, which is quite big figure than the predictions of many analysts
US California based company’s Chief Executive Tim Cook said during a conference call with financial analysts that there is an amazing demand of iPhone
Unlike the iPhone, Apple’s iPad tablet computer sales have been disappointing in 2014 and further decreased by 18 percent.
With the increased demand of iPhone 6 and 6 plus, company’s profit and profit on per phone has been increased.
The latest model of Apple’s iPhone iPhone 6 and 6 plus the increase in demand for the company’s profits increased with the rate of profit per phone, and now Apple is making almost 40 percent profit on every iPhone.