jesus christ apple is a BEASTT!!! i just learned If you stack every single dollar bill in Apple's $97 billion cash reserves, you would reach 6,583 miles into space...can you say EL-Ohhhh-EL?!!!! HAHAHA
P.S. WOOT APPLE!!! 8=D
I am not sure if there is anything like business ethics but I cannot understand how they could report so much profit at the same time allow such working conditions at their manufacturing plants in China or any other place for that matter.
Absolutely smashing on the wall street, a record of sorts for any publicly traded company.
But with all this still I am skeptical about their future, as they say going out with a bang! Hope I am utterly false.
“'We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs,' said Tim Cook, Apple’s CEO, in a statement."
Sorry, I laughed out loud at myself. When I read that, what I thought he said was, "We're thrilled with out outSOURCING results ..."
Let me ask: would there be any incentive for Apple to bring manufacturing back to the US? They make their billions on gadgets for kids, in large measure. Just the demographic that can't afford products even more expensive than these already are.
Notice how the big growth is in iPads and iPhones, the latter no doubt thanks to the iPhone 4. That's the nature of this market.
The numbers are so staggering, it's hard to put them in perspective. $46.33B in one quarter is approaching half a billion dollars PER DAY, seven days a week in revenue.
Quoting the San Jose Mercury News, "Projected over an entire year, Apple's revenue would top the GDP of all but 46 countries, including Pakistan, Peru, Vietnam and New Zealand."
And with nearly $100B in cash reserves, the WSJ says "Apple's cash reserves top the worth of all but 52 companies in the world."
From a satisfied customer and stockholder -- outstanding job Apple!!!
Sent from my iPhone
So what this shows me is that Apple's profit margin must be huge on their products, and those buying the products are clearly being overcharged..... But I guess when you are Apple, you can charge whatever you want and the people will pay.... Nice position to be in...
It would be nice to have a breakdown of sales of various iPods. I think iPod and iPod touch can be replaced by iPhone. iPod nano may still have a market because of its portability. If a bit more feature is added such as GPS, it can be a nice product for trail runners and mountain bikers. Having said that, I do see people carrying their iPhone running. I found it a bit too bulky.