Apple Reports Biggest Profit In Corporate History


Apple continues to reign supreme as the world's biggest company, after reporting the biggest annual profit in corporate history.

According to Business Insider, Apple has reported 12-month sales of $53.4 billion, thanks to record sales of its iPhone.

The company has sold 48 million iPhones, a 22-percent increase during the quarter, which included the first two days that its new 6s and 6s Plus models went on sale.

Despite the huge numbers, Apple says their growth will likely to slow down significantly during the Holiday season, as sales of the iPad fell by a fifth to their lowest level since 2011.

Overall, Apple is valued at $750 billion.

Apple's growth