Their mobile business is now bringing in more than all of Google’s businesses combined. Should Google be concerned, I think so.
On the list where companies are ranked by revenue Apple is 6th, but second in terms of profit.
So much for breaking even.
Apple and Samsung ran away with all the mobile handset profits last quarter, everyone one else either broke even or lost lost money.
Going private will give them more breathing room to make moves without the scrutiny of Wall Street. Maybe they will finally join the post-PC world.
Mark Gimein writting for Bloomberg’s Market Now:
Apple’s profit for the last quarter alone is well over twice Amazon’s profit over its entire existence.
The Amazon hype reminds me of Facebook pre-IPO, valued incredibly high for it’s potential but lacking very little evidence of success in their bottom line.
Amazon’s long term strategy is maybe too long and Wall Street is eating it up! or are they just trolling.
That’s 2.4 million more iPhones than Verizon in the same quarter.
They are still not doing well, but investors thought they were going to do a lot worse and these investors were force to cover their positions.
Felix Richter of Statista puts Apple’s record profits in context:
In fiscal 2012, Apple made $7 Billion more than Microsoft, Google, eBay, Yahoo, Facebook and Amazon combined. In the same period, it also made more than double virtually the entire PC industry (HP, Lenovo, Dell, Asus, Acer, etc.).
They are treated like a pre-revenue startup. Increase sales, even with a growing net lose and investors will reward you. I don’t understand Wall Street!
Maybe customers are not using their Kindle HD tablets yet or maybe they are but just not buying stuff from Amazon on them. Selling them at cost doesn’t sound like that great of an idea anymore.
Q3 sales down 48% YOY and profits down 54% YOY, this is surprising since their products this year has been relatively good.
Very impressive Q3 numbers! 110% YOY growth (55mil) in smartphone shipments is stunning no matter how you slice it.