Apple Makes Craploads Of Money And Sells Lots Of iPhones

Apple released their quarterly numbers after the close of the markets and they blew any expectations that the street had for them. Here’s the highlights:

  • Apple posted revenue of $74.6 billion
  • Apple had a net quarterly profit of $18 billion or $3.06 per diluted share

This compared to revenue of $57.6 billion and net quarterly profit of $13.1 billion, or $1.98 per diluted share, in the year-ago quarter. The company currently holds $178 billion in cash and marketable securities

More highlights:

  • Apple sold a record 74.5 million iPhones during the quarter, up from 51 million
  • Apple sold 5.5 million Macs up from 4.8 million units
  • iPad sales were down to 21.4 million from 26 million

Samsung must just be freaking with numbers like those.

Oh, there’s one more thing. The Apple Watch will ship in April. This was confirmed by Tim Cook on the earnings call tonight. Start getting in line now.

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