Friday 19th of April 2024
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disappointing result

 

apple and oranges

US technology giant Apple has reported the biggest quarterly profit ever made by a public company.

Apple reported a net profit of $18bn (£11.8bn) in its fiscal first quarter, which tops the $15.9bn made by ExxonMobil in the second quarter of 2012, according to Standard and Poor's.

Record sales of iPhones were behind the surge in profits.

Apple sold 74.5 million iPhones in the three months to 27 December - well ahead of most analyst's expectations.

In a conference call with financial analysts Apple's chief executive Tim Cook said that demand for phones was "staggering".

However, sales of the iPad continued to disappoint, falling by 18% in 2014 from a year earlier.

The demand for Apple's larger iPhone 6 Plus model appeared to help boost profits and increase the iPhone's gross profit margin - or how much Apple makes per phone - by 2% to 39.9%.

However, Apple did not give a breakdown of sales for the iPhone 6 and other models.

read more: http://www.bbc.com/news/business-31012410

 

apple and oranges...

Apple had a pretty good quarter.

And by “pretty good,” I mean it was the biggest quarter in history. And not just for Apple. For any company. Ever.

This page charts the past record holders. Until today, Russia’s Gazprom (the largest natural gas extractor in the world) held the record at $16.2 billion in a quarter.

Apple now holds the record: $18.04 billion in profit, fiscal Q1 of 2015.

Absolutely. Insane.

For reference, that means Apple makes around $8.3 million dollars per hour in profit (24 hours a day).

Of the current Top 20 record holding earners, 15 are Oil/Gas producers — primarily ExxonMobil and Shell. The other five are all Apple, over various quarters.

http://techcrunch.com/2015/01/27/apple-just-had-the-biggest-quarterly-earnings-of-any-company-ever/

robbery? it’s called capitalism...

Do you celebrate Christmas? If you do (or even if you do not), did you buy any gifts on Amazon last December? If so, then your goods were quite likely to have been routed through a byzantine world hosted – only on paper, you understand – by the Grand Duchy of Luxembourg, where Amazon has located its European headquarters, slashing its tax bills around the world. In 2011, Amazon revealed that the US Internal Revenue Service was chasing it for $1.5bn in back taxes. More recently, Amazon has said it will stop routing its UK sales through Luxembourg.

Perhaps you shun Amazon. You buy only local products: good for you. But did you search for any gifts online? Did a company called Google play any role in this? In 2011, Google shuffled four-fifths of its profits through a subsidiary in the tax haven of Bermuda, cutting its worldwide tax rate in half and its tax rate in some countries to nearly zero. Google boss Eric Schmidt said in 2012 he was “very proud of the structure that we set up… it’s called capitalism”.

http://www.theguardian.com/business/2015/jun/19/tax-havens-money-cayman-islands-jersey-offshore-accounts?CMP=fb_gu