Apple knows how to make money, and last financial quarter was no different for the tech giant. In the company's earnings report released today, it revealed that it pulled in almost $50 billion in revenue, which amounts to almost $11 billion in profit.
The huge profit was due in part to good sales of the iPhone, which sold nearly 60 percent better during this quarter than during the same time last year. Apple moved 47.5 million iPhones in this time. The earnings were helped by the release of the Apple Watch in April, but Apple did not share how many watches it sold.
that it is holding outside of the U.S., which would be subject to significant taxes if Apple brought the money back into the country. It's unclear at the moment what Apple plans to do with the money.More in www.gamespot.com » 
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