Apple have revealed that they have sold over 74.5 million iPhones during the last quarter of 2014; making the company go down in history with the biggest quarterly profits, $11.8 billion, ever made by a public business. Apple exceeded all the predictions they made for the iPhone 6 sales in September when they released them worldwide. The surge in iPhone sales boosted the company’s total income giving them an overall value of $635 billion.
When the iPhone 5s and 5c models were introduced to the market back in 2013, Apple revealed that they had sold over 51 million phones in the holiday quarter. The technology firm has also raked in the money with other products such as iPads, iPods and Macs. The iPhone 6 and iPhone 6 Plus have been flying off the shelves due to their bigger screens and better cameras.
Apple now have more cash than its closest competitors combined including Intel (valued at $173.1 billion) and Amazon (valued at $143.4 billion). With Apple’s current financial state, they could buy Uber, Tesla, Twitter, Netflix, Dropbox, Snapchat, Airbnb and SpaceX put together and still have $20 billion left over!