Apple posts the biggest quarterly profit in history

sanaxe1 · 28 Jan 2015 at 18:19

Apple made $18bn in the first quarter alone!

For years people have been saying that apple will start to decline due to competition from Android but they keep on getting bigger and bigger! I wonder if in the coming years we will see them hit $100bn in 1 year profits?!

Crazy stuff.

D.P. · 28 Jan 2015 at 18:22

I guess you missed the part where it says that Ipad sales dropped 22%!
That is due to competition form Android tablets.
Iphone market hare continues to shrink as well:
http://www.cnet.com/news/iphone-market-share-shrinks-as-android-windows-phone-grow/

Their profits increase but that is potentially due to other reasons, perhaps reduced R&D and increased profit margins.

MrKnifey · 28 Jan 2015 at 18:25

Plus most of the sales were from the Chinese market!

StriderX · 28 Jan 2015 at 18:42

Markets seem to get a boner with Apple numbers, I assume Apple caught on to this and are now just riding the wave to keep momentum going.

The Western market is no longer their target anyway.

thep02 · 28 Jan 2015 at 18:44

Is that adjusted for relative currency values?

anything I don't mind · 28 Jan 2015 at 18:45

I wonder how much of that profit is from app sales which i think is at a very low cost to them because they don't make the apps a lot of the time and they just sit back and take royalties.

weringo · 28 Jan 2015 at 18:45

One of the reasons I don't buy their products, their profit margins are ridiculously high for a company in their industry. Your paying a huge markup on the actual hardware cost of the device.

Fair play to them though.

Efour · 28 Jan 2015 at 18:54

Cant even imagine $18bn in normal human items... lol

Making tat in China and selling it back to the Chinese for x30 cost... superb

Mynight · 28 Jan 2015 at 19:01

Well it seems they've finally reduced the cost of iCloud backups so I'm happy they're doing so well

. 79p for 20gb rather than the 10gb for £15 it was not so long ago.

Edit: oops Apparantly it's been like that since September. Only just realised when I had a notification informing me I hadn't backed up in 12 weeks

.

Akashi90 · 28 Jan 2015 at 19:03

wow.. cool!

mattyfez · 28 Jan 2015 at 19:05

I think the key stat is 40% profit on each product sold.

Most people know you can pick up an equivalent spec laptop or smart phone for I dunno, about 40% less than what apple devices retail for.

yet people keep buying them.

ote1 · 28 Jan 2015 at 19:07

I couldn't ever buy in to Apple. As a company they seem completely devoid of a moral compass.

G-MAN2004 · 28 Jan 2015 at 19:08

I think all this proves is that there is an increasing number of idiots who buy Apple products.

*runs*

PhysicsMan94 · 28 Jan 2015 at 19:10

ote1 said:
I couldn't ever buy in to Apple. As a company they seem completely devoid of a moral compass.

Most companies are, they're just money making machines.

timmeh · 28 Jan 2015 at 19:13

mattyfez said:
I think the key stat is 40% profit on each product sold.

Most people know you can pick up an equivalent spec laptop or smart phone for I dunno, about 40% less than what apple devices retail for.

yet people keep buying them.

You can but the quality of an equivalent spec laptop is significantly worse than an Apple laptop. For one thing, the trackpad on PC laptops drives me insane, whereas the one on my MBP is lovely.

Granted, the quality of PC laptops is getting better and some of them are no longer big chunky plastic tonka toys but you have to pay a pretty penny for them and the price difference between those and Apple laptops is negligible.

Anyway, those profits are mental. I wonder how they compare to Microsoft's?

fendi · 28 Jan 2015 at 19:13

74mln phones... and they are put together by hand. that is pretty impressive.

muon · 28 Jan 2015 at 19:14

And they will pay single digit corporation tax in Ireland and Singapore.

They will avoid repatriating all that money into the US as they would have to make up the difference to ~30% corporation tax that exists in the US.

I wonder if the share price assumes they won't actually have to pay the normal rate.

Google does the same of course.

L1ght · 28 Jan 2015 at 19:14

At least Microsoft is offering free upgrades to Win10.

StriderX · 28 Jan 2015 at 19:15

fendi said:
74mln phones... and they are put together by hand. that is pretty impressive.

How many of those hands are now dead?

Mynight · 28 Jan 2015 at 19:16

timmeh said:
You can but the quality of an equivalent spec laptop is significantly worse than an Apple laptop. For one thing, the trackpad on PC laptops drives me insane, whereas the one on my MBP is lovely.

Granted, the quality of PC laptops is getting better and some of them are no longer big chunky plastic tonka toys but you have to pay a pretty penny for them and the price difference between those and Apple laptops is negligible.

Anyway, those profits are mental. I wonder how they compare to Microsoft's?

That's because an equivalent spec laptop is low end one

.