Apple’s iPhone, Mac, and Apps Push Record Revenue

Seth G. Macy: Apple released its first quarter earning results for the quarter ending December 27, 2014. The company posted quarterly revenue of $74.6 billion USD, with a net-profit of $18 billion. The company attributes the record quarter to all-time record revenues from both the iPhone and its Mac product line.

During the quarter, iPhone sales set an all-time record, with 74.5 million units being sold during Q1 of fiscal year 2015. The App Store was also a strong earner for Apple, with "record performance," during the quarter, according to the company.