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Apple Posts Huge Profit


News by Luke Jones on Wednesday January 28, 2015.

apple news · ios news · smartphone news · luke jones

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The frankly unheard of demand for the iPhone through the last quarter propelled Apple to a rare thing in business. The company managed to achieve a triple whammy of selling more products, selling them at higher prices, and increasing profit margins.

It was the company's fiscal first quarter, fourth quarter of the calendar year and during the period Cupertino saw revenue at $74.6 billion, a 30% rise. Profit stood at $18 billion, which is a 38% increase on 2013's number and the results sent Apple's shares soaring once again. However, while the surging iPhone is giving Apple plenty to cheer, the secondary iPad business continues to be in trouble.

Sure, Apple remained easily at number one with the most popular tablet range, the iPad moved 21.4 million units, but that is significantly down on last year, but 5 million in fact.

 
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Luke Jones
Luke Jones is the Managing Editor at MobileBurn.com and is the person you need to speak to about the content on the site. Luke studied creative writing at degree level before carving out a reputation as a freelance tech writer. He settled here at MobileBurn, where he reviews devices and contributes to the news, as well as overseeing the site's content and direction.

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