money

$18.4billion – Apple has highest quarterly profit in history

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After reporting a net profit of $18b in Q1 2016, US technology giant, Apple Inc has broken the record of the biggest quarterly profit ever made by a public company.

They sold over 74 million iPhones in the third quarter of 2015, thus generating a total revenue of over $75 billion.

The same company, currently led by Tim Cook, holds the previous record of $18billion set in Q1 2015.

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