Apple smashes revenue expectations behind massive iPhone sales
Apple Inc. on Tuesday reported a record profit for the last fiscal quarter, which ended Dec. 27, thanks in part to enormous sales totals of the iPhone 6 and 6 Plus.
The tech giant sold 74.5 million iPhones in that three-month span, a 44 percent spike from the same quarter last year. The sales surge helped the company post $74.6 billion in quarterly revenue — a 30 percent increase from last year's $57.6 billion haul, and well above the roughly $67.7 billion analysts expected.
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Jon Terbush is an associate editor at TheWeek.com covering politics, sports, and other things he finds interesting. He has previously written for Talking Points Memo, Raw Story, and Business Insider.
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