Apple Just Had Its Most Profitable Quarter Ever
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Marcio Jose Sanchez/AP
Apple CEO Tim Cook introduces Apple Watch , which he is wearing on his wrist, on Tuesday, Sept. 9, 2014, in Cupertino, Calif. (AP Photo/Marcio Jose Sanchez)
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Apple's net income for the quarter was $18 billion, up 37% year-over-year. It is also the most ever earned by a company in history, according to this Wikipedia entry.
The main driver of Apple's landmark quarter? Sky-high iPhone sales.
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The company sold 74.4 million iPhones, which is up 46% compared to the previous year, and its biggest quarter by 23.4 million units.
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