Is there a recession? By looking at Apple’s earnings for the last 3 months you wouldn’t think so. The Company posted revenue of $9.87 billion and a net quarterly profit of $1.67 billion. That’s a lot of money! These results compare to revenue of $7.9 billion and net quarterly profit of $1.14 billion for the same period last year. A quick bit of maths shows that Apple’s earnings have gone up by nearly $2 billion. And this isn’t just in the USA. International sales accounted for 46 percent of the quarter's revenue.