Apple's first fiscal quarter results set a world record for quarterly profits (not inflation adjusted) for public companies, according to S&P. Apple generated $18B in profits (+30% YoY), dwarfing the previous record set by Exxon Mobil, which earned $15.9B in the second quarter of 2012.
For a mature company of Apple's size, a 30% YoY growth is staggering, and it's their best performance since 2012.
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For a mature company of Apple's size, a 30% YoY growth is staggering, and it's their best performance since 2012.
