Apple Sells Record Number of iPhones

Episode 1158 (08:31)

Apple iPhone 6

Apple sold over 75 million iPhones in the last three months, for combined sales of over $18 Billion in profit, a 40% profit margin, the largest in history. Apple also has over $142 Billion in cash. Most of that has been transferred to accounts overseas in order to avoid taxes. So while they have that much money, it's not exactly liquid in the US.

Apple just posted the best quarter in corporate history (CNN)…
http://money.cnn.com/2015/01/27/technology/apple-iphone-earnings/

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