Apple Had the Most Successful Quarter in Business History Thanks to the iPhone 6
Apple has revealed its earnings for the first quarter of fiscal 2015, and it’s clear that iPhone 6 and iPhone 6 Plus have proven to be hugely lucrative for the tech giant, with them having the most successful quarter of any company in history.
The quarter, which ended on December 27th, 2014, saw Apple rake in $18.04 billion in profits – that’s more money than any company in history has made in a single quarter. To put that into perspective, of the 20 other highest-grossing quarter records, all of them except for 5 have been held by oil and gas companies, with Apple beating Gazprom, a Russian gas company with quarterly profits of $16.24 billion, for the crown. And guess who the other 5 are? Apple, of course.
Apple sold more iPhones during this time than in any other quarter in the company’s history, too, with the larger-screened successors to the iPhone 5 inveigling more consumers that ever before as Apple’s biggest shift in its approach to its smartphone hardware yet.
Part of the company’s success could also be attributed to its devices making strong strides in China, along with its Mac and Apple stores also experiencing greatly increased sales. All of these factors combined to make 2014 an incredible year for the company, which they’ll be hoping to continue in 2015 when they unveil the next model in their iPhone 6 line, potentially branded the iPhone 6s.
Apple now sits in seventh place in the list of the companies with the highest annual earnings of all time, behind ExxonMobil, Industrial & Commercial Bank of China and the government-sponsored enterprise Fannie Mae.