Apple makes history with $18bn profit for quarter. Current Affairs & General Knowledge January 2015.

Apple posted a quarterly profit of $18 billion -the highest ever recorded by a corporate -at the end of last year on booming sales of big-screen iPhone models, especially in China.

The California tech titan also announced on Wednesday that it had sold its one billionth device powered by its iOS mobile operating system, on a day of dizzying figures -even by Apple’s high standards.

Apple’s profit is around Rs 1,200 crore a day . Its quarterly revenues were $74.6 billion, or about Rs 4.5 lakh crore. At this pace, over a nine-month period its revenues will more or less match what the Indian government hopes to collect as taxes in the full-year 201415 (Rs 13.6 lakh crore). 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 GoI hopes to mop up as dividends and profits from the entire central public sector (Rs 90,229 crore).

Apple Watch’s wearable devices, unveiled last year to fanfare, are on track to begin shipping in April. “We’d like to thank our customers for an incredible quarter which saw demand for Apple products soar to an all-time high,“ declared chief executive Tim Cook. “Demand for iPhone has been staggering, shattering our expectation.