+ Reply
Results 1 to 6 of 6

Your favorite Apple, iPhone, iPad, iOS, Jailbreak, and Cydia site.


Thread: Apple Outperforms the Most Profitable U.S. Companies despite "Disappointing" Quarter

is a discussion within the

Mac News

forums, a part of the

General Apple/Mac

section;
...
  1. #1
    MMi Staff Writer Akshay Masand's Avatar
    Join Date
    Sep 2011
    Location
    New York City
    Posts
    3,592
    Thanks
    3
    Thanked 116 Times in 102 Posts

    Default Apple Outperforms the Most Profitable U.S. Companies despite "Disappointing" Quarter


    Despite a “flat” or “disappointing” quarter for Wall Street, Apple still holds the top spot among the most profitable U.S. companies, with a significant margin on top of that. The $13.1 billion in profit Apple posted for the first quarter of 2013 is the most profitable quarter for a tech company in history, just edging out the record $13.06 billion set in the first quarter of 2012, also by Apple.

    A comparison of Apple’s record quarter to those of the other profitable companies in the United States shows Apple head and shoulders above its peers. Apple’s $13.1 billion in profit is 31% more than the $10 billion of its closest competitor, the oil giant, ExxonMobil, which briefly surpassed Apple in market cap following investors’ negative reactions to the most recent quarter.

    As pointed out by Statista, the only companies to ever post a higher quarterly profit are ExxonMobil and Russian energy giant, Gazprom, which posted $16.2 billion in profit for the first quarter of 2011. Apple, which was once targeted for $1,000 per share, currently sits at 34.7% below its all-time high of $700 per share. Meanwhile, it earned $100 million more in the first quarter than firms Wells Fargo, Proctor & Gamble, and General Electric combined.

    When it comes to technology companies, Apple earned more than twice the $6.4 billion of its nearest competitor, Microsoft. Add in the $5.8 billion earned by IBM, and Apple still beats the total by nearly a billion dollars. The Cupertino California company remains upbeat on for its future, despite the negative outlook of some of its investors. Tim Cook expressed confidence in the firm’s product pipeline, saying that the company will “continue to focus on innovation and making the best products in the world.”

    Source: Statista via AppleInsider

    Twitter: @AkshayMasand

  2. #2
    My iPhone is a Part of Me wolverinemarky's Avatar
    Join Date
    Feb 2009
    Posts
    686
    Thanks
    19
    Thanked 34 Times in 33 Posts

    Interesting how you can make more money then anyone else and be looked at negatively. Oh well I will keep buying their products despite what Wall Street thinks.

  3. #3
    What's Jailbreak? ttthomas's Avatar
    Join Date
    Feb 2013
    Posts
    20
    Thanks
    0
    Thanked 1 Time in 1 Post
    Quote Originally Posted by wolverinemarky View Post
    Interesting how you can make more money then anyone else and be looked at negatively. Oh well I will keep buying their products despite what Wall Street thinks.
    My next purchase will be a 17" MacBook Pro with the retina display if and when it is ever released.

  4. #4
    iPhoneaholic
    Join Date
    Apr 2008
    Posts
    365
    Thanks
    0
    Thanked 46 Times in 36 Posts

    Quote Originally Posted by wolverinemarky View Post
    Interesting how you can make more money then anyone else and be looked at negatively. Oh well I will keep buying their products despite what Wall Street thinks.
    Agreed! Apple has an awesome P/E ratio, tons of cash, and a great foothold in the indutries they play in that will keep them profitable for a long time, yet their stock struggles.

    Meanwhile, Amazon loses money despite everything they put out, have a ridiculous P/E ratio, and their stock is riding high.

    It doesn't make any sense at all, which is why I don't bother trying to invest.

  5. #5
    Livin the iPhone Life
    Join Date
    Jul 2010
    Posts
    1,087
    Thanks
    46
    Thanked 35 Times in 29 Posts

    Quote Originally Posted by fleurya View Post
    Agreed! Apple has an awesome P/E ratio, tons of cash, and a great foothold in the indutries they play in that will keep them profitable for a long time, yet their stock struggles.

    Meanwhile, Amazon loses money despite everything they put out, have a ridiculous P/E ratio, and their stock is riding high.

    It doesn't make any sense at all, which is why I don't bother trying to invest.
    This is only in response to the amazon thing.

    Amazon is 105% for the customer. They have gone under for consumers thousands of times! They aren't in it for the customer be a little more grateful. Hell a prime example is (well amazon prime ahha) the Kindle fire hds manufacturing cost is $174 to its retail of $165, they have done this with ALL their kindles. They have lost money everytime they've manufactured and sold.

  6. #6
    iPhone? More like MyPhone
    Join Date
    Aug 2007
    Location
    Covina, CA
    Posts
    263
    Thanks
    38
    Thanked 11 Times in 10 Posts

    You would think Verizon or AT&T would be on this list. Nope, most of their profit is being paid into iPhone subsidies (see Sprint) and lobbying!

Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts