Apple's quarterly profits have beaten all the records and become the largest profits ever reported by a public company. Who's going to doubt Tim Cook now?

The company posted a net profit of $18 billion (£12 billion), beating ExxonMobil's $15.9 billion from the second quarter of 2012. That $18 billion is thought to have come mainly from iPhone sales which reached 74.5 million in the last quarter of 2014, as well as Apple tapping into the Chinese market–their sales in China rose 70%.

Now, we just have to wait until April to see if the Apple watch becomes another must-have device.