Apple’s biggest quarterly profit ever


The US technology giant Apple has announced its biggest quarterly profits that has been ever made by a public company.

Apple has reported a net profit to the tune of $18bn for the fiscal first quarter, that exceeds $15.9bn of ExxonMobil that created a record during the second quarter of 2012, according to organization Standard and Poor's.

The surge is being attributed to the record sales of iPhones in terms of profits. Apple had sold 74.5 million iPhones for three months till 27 December which actually exceeded analyst's expectations.

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