Analysis

Apple made more money in China last quarter than the recorded music industry did in 2014


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Apple’s quarterly financial results last night were a now-familiar tale of massive revenues and profits, although the performance of the company’s iPad tablet remains the one less positive aspect of its business.
The key figures: Apple’s quarterly revenues were $58bn, up 27.2% year-on-year, while the company recorded a net profit of $13.6bn. “We are thrilled by the continued strength of iPhone, Mac and the App Store, which drove our best March quarter results ever,” said CEO Tim Cook.

Stuart Dredge

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