Apple’s fourth quarter earnings report for fiscal year 2015 has shown major profits for the technology giant.

In the fourth quarter Apple generated  $51.5 billion, a $11.1 billion increase from the same period last year.

For the entirity of fiscal year 2015, Apple earned $234 billion, making this Apple’s most successful year on record.

“This continued success is the result of our commitment to making the best, most innovative products on earth, and it’s a testament to the tremendous execution by our teams,” said Apple CEO Tim Cook. “We are heading into the holidays with our strongest product lineup yet, including iPhone 6s and iPhone 6s Plus, Apple Watch with an expanded lineup of cases and bands, the new iPad Pro, and the all-new Apple TV which begins shipping this week.”

Much of Apple’s growth was strong iPhone sales and increasing affordability of the Apple Watch. However, iPad sales have continued to slide.

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