Apple Posts Record $74.6 Billion in Revenue
Apple inthe first quarter posted a profit of $18 billion on revenue of $74.6 billion- both quarterly records for the company.
The results came as Apple sold a record 74.5 million iPhones.
“We’d like to thank our customers for an incredible quarter, which saw demand for Apple products soar to an all-time high,” Tim Cook, Apple’s CEO, said in a statement. “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.”