Apple released its quarterly earnings yesterday, and just as we assumed in an earlier post the company has seen an increase in the sales of the iPhone. The company revealed that they sold a whopping 74.5 million phones since October which is a 50% increase from the last quarterly earning report.
The company didn’t break down its sales numbers by models, but thanks to the smartphone the company’s revenue is at an all-time high. The company announced that they made a whopping $74.6 billion in revenue, and $18 billion of that was pure profit. The reports also states the company sold 21.4 million in iPad sales which is a drop from the last quarter.
The China market accounted for about $16 billion of the company’s overall revenue this quarter, twice the number the region made in sales last quarter.
“Our exceptional results produced EPS growth of 48 percent over last year, and $33.7 billion in operating cash flow during the quarter, an all-time record,” said Luca Maestri, Apple’s CFO. “We spent over $8 billion on our capital return program, bringing total returns to investors to almost $103 billion, over $57 billion of which occurred in just the last 12 months.”