Apple has announced record quarter profits of £11.8bn, the largest profit ever made by a public company.
Most of it came from iPhones, including the newly-released larger-screen iPhone 6 and 6 Plus.
Apple now makes a profit of nearly 40% on every iPhone sold. That's pure profit over and above all manufacturing costs. Some call it the Apple Tax.
Sales of iPads are down 18% year-on-year as rivals making cheaper alternatives gain market share and buyers return to slimmer laptops.
For Apple, 2014 will go down as the year it finally made major inroads in the market in China. The company is now No1 for smartphone sales in China.
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