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50% of Apple's Revenue Comes From the iPhone

Posted by timothy on from the hey-fellas-we-switched-businesses dept.

BogenDorpher writes "A new report indicates that 50% of Apple's revenue comes from its iPhone product. Not 5%, not 20%, but 50%. In just three months from December 2010 to March 2011, Apple has raked in a total of 24.6 billion dollars. 50% of that came from the iPhone."

1 of 292 comments (clear)

  1. This is why we have a jobless recovery by paulsnx2 · · Score: -1, Offtopic

    So exactly how many jobs are going to be generated by the profits? How much is going to be paid in taxes? My guess.... very very few, and very very little.

    This is why we need to tax the Super Rich and tax the Super Rich Corporations. This wealth is going into just a few pockets. Yeah, my 401k is going to get some, and being an Engineer, it is going to be nice compared to most. But the Super Rich (People worth more than 30 million or some such) are going to take a whale of a lot more. And those even richer (say 100 million or more) will get a whale of a lot more than that. I wonder about the billionaires? Yep, there are bigger whales yet!

    I have no problem rewarding people for success. And some of that success is the proper management of wealth. But there should be limits. Increasingly, the game is rigged in favor of the rich. And that is demonstrated by companies that make these kinds of profits, and hand their workers (them people working hard for their success) a bone to go bury in the backyard while piling ever increasing funds into investments to insure that their slice is going to be just that much bigger come the next profit announcement.

    --We have tried trickle down; Let's give trickle up a shot.