Apple’s Sells 74.5 million iPhones in Q4

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Well above what Wall Street analysts expected, Apple announced this week that their iPhone sales from October to December of 2014 reached 74.5 million units, and the company posted an $18 billion net profit.

“We’d like to thank our customers for an incredible quarter, which saw demand for Apple products soar to an all-time high,” Tim Cook, Apple’s CEO, said. “Our revenue grew 30 percent over last year to $74.6 billion, and the execution by our teams to achieve these results was simply phenomenal.”

The iPhone accounted for 69 percent of Apple’s revenue in the quarter, which was up the normal 50 percent, according to CNET.

In September, Apple released the new iPhone 6 and iPhone 6 Plus, and Q4 was the first full quarter that the product was on sale. The company offers the iPhone in 130 countries across the world, and about 75 percent of the world’s mobile users are using iPhones.

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