APPLE REPORTS RECORD BREAKING SALES IN 2015’S FIRST QUARTER

A pple grossed $74.6bn in revenue,
and $18bn in profit in the first
quarter of 2015, the highest ever in
corporate history, smashing a record
previously held by Russia’s Gazprom
with $16.2bn.
According to a statement on Apple’s
website, the results were fueled by all-time
record revenue from iPhone and Mac sales
as well as record performance of the App
Store. Apple sold 74.5 million units of
iPhone in the last quarter of 2014.
Tim Cook, Apple’s CEO who himself earned
40% more in the past year says, “Our
revenue grew 30 percent over last year to
$74.6 billion, and the execution by our
teams to achieve these results was simply
phenomenal.”
Apparently, it’s been a good year at Apple
despite 22% drop in iPad sales. Apple will
ship its new Apple Watch wearable device
in April of this year. This may nudge up its
revenue even further in the new quarter
even as concerns are rife that it’s high-end
price may not be able to woo more than the
Apple faithful.

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