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Apple just reported the largest quarterly profit in history

Kif LeswingJan 27, 2016, 03:18 IST

Getty Images/Chip Somodevilla

Apple reported $18.4 billion in profit in the holiday quarter of 2015, which is good for the biggest quarterly profit in history.

The quarter topped the previous record of $18 billion set by Apple last holiday quarter. Before that, the record quarterly profit was $15.9 billion, set by ExxonMobil in 2012.

Wall Street is upset that the iPhone maker missed expectations in revenue and sales, and shares are flat in immediate trading.

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But the massive amount of money Apple made shows that while the company may be struggling with growth, it's still an insanely profitable enterprise.