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Record Profit:Apple posted a quarterly profit of $18 billion


Jan 29,WASHINGTON: Apple Inc. on Wednesday created history when it posted a quarterly profit of $18 billion, the biggest ever reported by a public company, worldwide.

The landmark performance followed the sale of a record 74.5m iPhones, which drove the company's revenues up by 30% to $74.6bn.

Apple's quarterly net profit of $18 billion is more than the combined net profit of all 50 companies that make up the Nifty benchmark in India

Chief executive Tim Cook said: "We'd like to thank our customers for an incredible quarter, which saw demand for Apple products soar to an all-time high."