Apple Posts $18B Quarterly Profit, the Highest By Any Company, Ever
jmcbain writes: Yesterday, Apple reported its financial results for the quarter ending December 27, 2014. The company posted $18 billion in profit (on $74 billion in revenue), the largest quarterly profit by any company, ever. The previous record was $16 billion by Russia's Gazprom (the largest natural gas extractor in the world) in 2011. Apple sold 74.5 million iPhones last quarter, along with 5.5 million Macs and 21.4 million iPads.
Those are amazing numbers. It shows that by making bug-free products, offering long term support, providing great value, acting fully ethically, and listening to your customers, can make you a fair amount of money. Their secret sauce? Bringing the real engineers to the spotlight.
And they paid $12 in taxes.
All it means is that you pay WAAAAAAAAAAAAAAYYYYYYYYYYYYY too much for their products.......
Apple has invented a really fabulous business model, which was previously monopolized by the churches and governments. They take a bi-yearly Apple-tax from their believers by making devices which have planned obsolescence.
Challenge accepted.