Apple beats supply chain crisis, posts record $30+ billion profits for 4th quarter

Apple this week announced record-smashing quarterly profits, with the tech giant posting strong earnings buoyed by continued consumer demand for its flagship iPhone.

The tech giant said it earned nearly $35 billion in its most recent quarter, a major jump from the roughly $28 billion it posted in the quarter prior. 

This is the first time the company has cracked the $30 billion profit mark. That figure is drawn from sales of nearly $124 billion.

Company CEO Tim Cook touted the company's major success in an earnings call this week. 

"We set all-time records for both developed and emerging markets," he told callers, "and saw revenue growth across all of our product categories except for iPad, which we said would be supply-constrained."