Apple just completely crushed its Q1 earnings, delivering its most profitable quarter ever — and the most profitable quarter for any company during any quarter in history.
Apple’s net income for the quarter was $US18 billion, up 37% year-over-year.
That’s the most a company has ever earned in one quarter, according to this Wikipedia entry. To gain the top spot, Apple beat out Russian oil company Gazprom, which earned $US16.24 million in Q1 2011.
The main driver of Apple’s landmark quarter? Sky-high iPhone sales.
The company sold 74.4 million iPhones, which is up 46% compared to the previous year, and its biggest quarter by 23.4 million units.