Apple’s quarterly profit soared to a record $18 billion on the back of booming iPhone sales, especially in China. The California-based tech giant also announced Tuesday, January 27, that its highly anticipated Apple Watch wearable devices unveiled last year are on track to begin shipping in April. Apple posted record revenue of $74.6 billion in the quarter, during which 74.5 million iPhones were sold. Analysts credited freshly released larger screen iPhone 6 models along with a partnership with China Mobile as powering sales. Apple shares rose nearly five percent to $114.25 in after-market trades that followed release of the earnings figures.
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