Apple posts record quarterly profits after iPhone sales surgeJanuary 28, 2015 - 13:08 AMT PanARMENIAN.Net - Apple has reported record quarterly profits thanks to a surge in the number of iPhones sold in its fiscal first quarter. The firm made a net profit of $18bn between October and December last year, making it the biggest quarterly profit ever recorded by a public company. Apple beat analyst expectations during the last 90 days of 2014, selling 74.5m iPhones - more than the amount sold in the previous six months put together. The company benefited from boosted interest over the Christmas period, as well as a 70% increase in sales in China compared to a year ago. Sales in the Americas also grew by 23% while European numbers went up by 20%. "This volume is hard to comprehend," CEO Tim Cook said during a conference call with investors yesterday (January 27). "On average, we sold over 34,000 iPhones every hour, 24 hours a day, every day of the quarter." Sales of the iPad continued to dwindle and dropped by 18% compared to a year earlier, but Apple also managed to move 5.5 million Mac units - an increase of 700,000 compared to last year. "We'd like to thank our customers for an incredible quarter, which saw demand for Apple products soar to an all-time high," Cook added. "Our revenue grew 30% over last year to $74.6bn, and the execution by our teams to achieve these results was simply phenomenal." The Apple CEO also spoke about the Apple Watch and revealed that it will be released in April. Photo: Apple Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |