One of the more astounding revelations to come out of Apple’s announcement of its recent financial results is that the company now has more than $178 billion in cash on hand. That is an amazing amount of money that will probably be used for future acquisitions, research and development, and other projects such as building […]
Despite Record-Breaking Quarter Apple is Doomed Once Again
Last week Apple revealed its financial numbers for the holiday quarter, blowing away all estimates and sending a shockwave across Wall Street. In a conference call to investors on Tuesday the company revealed that it had racked up $74.6 billion in sales on its way to pocketing $18 billion in profit, making it the single […]
Why Apple is Poised to Become the $1 Trillion Company
If you’ve been paying attention to Apple’s stock price lately, you’ve probably noticed that it is at an all time high. Following its 7-for-1 stock split earlier this year, AAPL is now trading above $115 per share. That gives the tech giant a market capitalization near $670 billion, easily making it the most valuable company in […]
The Dish on How Apple Makes Its Money
I don’t know about you, but I am getting tired of seeing all the headlines and links about how Apple’s earnings have not met expectations. I am not the staunchest Apple defender – I even take digs at the brand now and then – but all the pundits chiming in like a flock of seagulls […]
Apple Posts Second Quarter Results – Spoiler: They’re Doing Well
So Apple posted their second quarter results yesterday. Guess what? Things are good. REAL good. I think this is best explained by quoting Apple themselves, and providing translation: The Company posted revenue of $13.50 billion and net quarterly profit of $3.07 billion, or $3.33 per diluted share. These results compare to revenue of $9.08 billion […]
