Apple: Biggest Annual Profit in Corporate History

Apple: Biggest Annual Profit in Corporate History

“Apple has recorded the biggest annual profit in corporate history, with record sales of the iPhone helping it to make $53.4bn (£35bn) in the last 12 months. The world’s biggest company surpassed the $45.2bn made by ExxonMobil in 2008, after the release of its latest smartphones increased profits by 31pc in its fourth quarter.” Apple warns that the growth may slow with the approaching Christmas season. This growth comes after the slow start to apples newest product category, the Apple Watch.

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