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Union Budget Reel 2014

$18 billion record profit by Apple in a quarter

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Apple saw a huge success and booming sales of its big-screen iPhone models in China. In a quarter, Apple got a historic profit of $18 billion, the highest ever recorded by any corporate. Its profit is around 1,200 crore a day.

Apple's revenues for this quarter are almost twice as large as India's defence budget for 2014-15 (Rs 2.3 lakh crore). Its quarterly profit is more than the amount that the Indian Government hopes to mop up as dividends and profits from the entire central public sector (Rs 90,229 crore).

Apple sold its one billionth device powered by its iOS mobile operating system and its watches- wearable devices, unveiled last year, are on track to begin shipping in April.