Apple just had its best quarter of all-time, selling an incredible amount of iPhones and bringing in the highest quarterly profit in the history of the world.
For the quarter, the company had revenue of $74.6 billion, up 30 percent year-over-year and a net profit of $18 billion, up 37 percent year-over-year.
The company now has $178 billion in cash, meaning they can buy nearly any tech company in the world with the exception of Facebook, Alibaba, Google and Microsoft.
Gross margins came in at 39.9 percent compared to the 38.5 percent expected, thanks to stronger sales of higher margin items. Across the board, Apple revealed higher sales than expected with the exception of the iPad, which continues to be in "limbo" for the company.
We will break down some of the more important sales figures in upcoming articles.
The company now has $178 billion in cash, meaning they can buy nearly any tech company in the world with the exception of Facebook, Alibaba, Google and Microsoft.
Gross margins came in at 39.9 percent compared to the 38.5 percent expected, thanks to stronger sales of higher margin items. Across the board, Apple revealed higher sales than expected with the exception of the iPad, which continues to be in "limbo" for the company.
We will break down some of the more important sales figures in upcoming articles.
