Apple this afternoon released its financial report for Q4 2014 ahead of a media event elaborating on the numbers, and the numbers themselves were as big as expected in the wake of evidence of impressive iPhone 6 and 6 Plus sales. All total, the company reported $42.1 billion in revenue (with 60 percent of it coming from international markets), which amounts to an impressive $8.5 billion in profits. What's more, that's up considerably from the $37.5 billion Apple reported last year.
It goes without saying that we live in challenging economic times, although you wouldn’t know it to look at companies like Apple Inc., who have been lifted ever higher with each passing financial report. A new report claims that smartphone makers have started cutting back on fourth quarter chipset orders over economic concerns -- and that includes the mighty Apple as well.