Apple has reported the largest quarterly earnings in corporate history, with net profit rising to $18bn in the three months to December.
The figure, a 37% rise, was driven by record iPhone sales and surpassed the most bullish analysts’ expectations. Arriving after a largely disappointing day of corporate earnings which saw the S&P 500 close down 1.3%, Apple's figure set a global record for quarterly profit, according to S&P Dow Jones Indices. The previous record holder was ExxonMobil, which reported a $15.9bn profit in 2012. Shares in the company rose 5.8% in after-hours trading on the news, reaching $115.4 after closing Tuesday trading at $109.1. Sales were bolstered by the company’s new iPhone models and...
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