Apple Sells Tons Of iPhones, Makes Piles Of Money And Gives Some Back To Shareholders

It must be nice to be Apple these days. They came out with their quarterly results and here are the highlights:

  • Apple reported a profit of $13.6 billion with revenue up 27% to $58 billion.
  • Apple sold 61.1 million iPhones in the first three months of 2015.
  • Apple sold 12.6 million iPads, down 23% from a year earlier.
  • Apple is increasing its share-buying program which will return $200 billion to investors, up from $130 billion.
  • Apple has an outrageous $195 trillion in cash on its books. There are countries that don’t have that amount of cash.

Clearly, it’s good to be Apple.

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