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Apple reports a quarterly profit of USD 18.4 billion


New Delhi: Tech giant Apple has reported a quarterly profit of USD 18 billion, which is the largest ever recorded by a single public corporation.

According to the Verge, the American technology company has also predicted revenue for the second quarter of 2016 in between USD 50 and USD 53 billion.

iPhone sales were by far the largest revenue driver at Apple. But the best growth for the company is from its services and other products like Apple Watch, Apple TV.

Headquartered in California, the American multinational technology company, designs, develops, and sells consumer electronics, computer software, and online services.

Its hardware products include the iPhone smartphone, the iPad tablet computer, the Mac personal computer, the iPod portable media player, and the Apple Watch.(ANI)

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