The new iPhone 6 with larger screen (Photo : Reuters)
Apple announced the company's sales on the last quarter of 2014 as record breaking growth in the last three years, which is foreseen to uphill as the year progresses.
The tech giant released the latest iPhone 6 and iPhone Plus smart phones by Q4 in the previous year. It sold massively beyond expectation during the holiday shopping time in the United States and a 70 percent increase in China sales. This is the biggest history maker sale profit recorded in the corporate industry, Reuters reported.
Apple sold a 30 percent increase in fiscal first quarter profit to $74.6 billion and as net income increased by 38 percent to a record of $18 billion. The recorded revenue was fueled by high sales on upgraded Macbooks and the latest release of the larger screened iPhone 6 smart phones which were unveiled last September. This was the corporate magnate's highest recorded sales revenue since the fiscal second quarter of 2012, Bloomberg reported.
"We had the highest number of customers new to iPhone last quarter than in any prior launch," according to Apple's CEO Tim Cook on a conference call with analysts.
Cook explained that the company's hearty forecast of rising revenues will continue by around 14 percent by March. Cook explained that Apple will ship the Apple iWatch, the first gadget category since the release of iPad in 2010.
Apple produced more than $182 billion in annual revenue and a market capitalization of over $635 billion it still had the capability to expand quicker than other technology companies. Apple's shares have increased 6.7 percent at extended trading after closing at $109.13 at NYC.
The new iPhone 6 and iPhone 6 Plus will continue its sales momentum in China especially the coming of Chinese New Year this February. The new Apple iWatch is expected to be released this coming April.
