Apple Has the Most Profitable Quarter for Any Company in History

Apple now holds the record for the biggest profit made by any company in one quarter. The technology manufacturer and service provider made US$18.05 billion in profit in Q1 of 2015.

 

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The results prove that Apple is in fact doing better than ever and the company has definitely bulldozed its way into 2015, beating previous financial records and crushing competitors. Apple makes an average of about US$8.3 million every hour.

 

The record was previously held by the Russian corporation Gazpron, which is the largest gas extractor in the world and held a record of US$16.2 billion of profit in one quarter before it was beat by Apple this year. Other top 20 record holding earners include ExxonMobil and Shell, and oil and gas producers hold 15 of the 20 record positions whilst the other five are held by Apple.

 

Apple Computers was founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company was founded and is also still headquartered in Cupertino, California. Originally established to sell personal computer kits, the company grew to manufacture their own personal computer. The Apple Lisa was first released in 1983, followed by the Macintosh which was released the following year. After a steep decline in profitability and near-bankruptcy in the 1990s, the company found its feet again in the following decade and Steve Jobs returned as CEO in 2006. In 2007 the company name was changed from Apple Computers to Apple Inc. to represent the company’s move from computers to the wider scope of consumer electronics. The Macbook, iPod, iPhone and iPad were introduced shortly afterwards and have become trademark products for the Apple brand.

 

The company currently employs over 74,000 permanent full-time staff, a portion of 98,000 employees in total. Apple was the first company to be valued over US$700 billion, is the second largest information technology company in the world after Samsung Electronics, is the third largest mobile phone manufacturer, and Apple’s iTunes is the largest online mobile retailer. Apple Inc. currently trades on the NASDAQ-100 and is a member of the S&P 500 (Standard & Poor’s 500).

 

Apple is considered a leader in the IT industry, and continues to spearhead innovation and developments within the industry.

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