Apple Profit Surges 94% on Strong iPhone, iPad Sales

Discussion in 'Stock Market' started by Trajan, Apr 24, 2012.

  1. Trajan
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    Trajan conscientia mille testes

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    those evil, slimy greedy bastards!!!You know what their profit margin is??? my god.....

    I want an investigation.....do you know that Apple gets tax breaks? yes thats right, just like Oil co's........I want a windfall profits tax , if they earned less per unit leedle po' chillen could afford Ipads....:(


    Apple Profit Surges 94% on Strong iPhone, iPad Sales

    Apple Inc.'s fiscal second-quarter profit jumped 94% as the consumer electronics giant reported strong sales of its iPhone and iPad products.

    For the quarter ended March 31, Apple reported a profit of $11.62 billion, or $12.30 a share, up from $5.98 billion, or $6.40 a share, a year earlier. Revenue increased 59% to $39.19 billion, with 64% of the top line coming from international sales.

    In January, the company projected earnings of about $8.50 a share on revenue of about $32.5 billion, above Wall Street's estimates at the time. Analysts had most recently forecast a per-share profit of $10.04 and revenue of $36.81 billion. Gross margin widened to 47.4% from 41.4%.

    more at-
    Apple Profit Surges 94% on Strong iPhone, iPad Sales - WSJ.com

    :mad:
     
  2. Mr. H.
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    Mr. H. Diamond Member

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    Never ceased to amaze me how people want something as useful and truly vauable as oil to be cheap as dirt. It gives you an idea of our sense of priorities.
     
  3. Rocko
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    Rocko Gold Member

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    what a beast! I wish they weren't such pussies when they issue forward guidence. That would make there earnings play's much more interesting.
     
  4. Jos
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    Jos BANNED

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    Apple: why doesn't it employ more US workers?
    Apple: why doesn't it employ more US workers? | Technology | The Guardian
     
  5. JStone
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    JStone BANNED

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    Apple thanks God for Jewish geniuses in Israel who invented critical technology in every Apple product :clap2:

    [ame=http://www.youtube.com/watch?v=yA4wnqRAuhI]Apple to set up Israel development center - YouTube[/ame]


    [ame=http://www.youtube.com/watch?v=qH1mYikmYzo]Apple to Acquire Anobit? - YouTube[/ame]

     
  6. eflatminor
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    eflatminor Classical Liberal

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    Clearly, we need more government oversight of the computer industry. Can you image how much better things would be for all of us with government-produced computers? Why, it would just as great as the education and healthcare industries are now. Awesome!
     
  7. BillyV
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    BillyV Antidisestablishmentarian

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    All true, but according to Apple (and the NY Times), only part of the story:


    http://www.nytimes.com/2012/01/22/business/apple-america-and-a-squeezed-middle-class.html?pagewanted=all

    Why?

    They are hungrier than we are. Americans in general would not be willing to stay in dormitories housing tens of thousands to be available to be awakened at midnight in today's world. Now 100 years ago, American's did work 12-hour (and longer) shifts in factories producing all manner of products, in less than ideal conditions. That couldn't happen today; as in Rocky III, where Mickey tells Rocky "The worst thing that happened to you, that can happen to any fighter: you got civilized."

    It is cheaper to manufacture with slave labor, but that is far from the only consideration. I don't pretend to know the answer to the problem, but at some point we will either have to erect walls of protectionism or reduce some of the onerous regulations to protect the industry we have left.
     
  8. Jos
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    Jos BANNED

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    [ame=http://www.youtube.com/watch?v=ZbWRfBZY-ng]James McMurtry "We can't make it here" - YouTube[/ame]
     
  9. Middleoftheroad
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    Middleoftheroad Active Member

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    The easiest solution to the problem is to let it fix itself. China's economy is growing so quickly that slave wage labor will soon be a thing of the past. Even with this pullback they are experiencing now, they are still expecting GDP growth to be about 7.5%. Bigger products that have smaller margins per weight (higher shipping costs) are already moving jobs back to the US. If the current trend continues, within 10 years it will no longer be profitable to produce anything in China and ship it to the US.
    As for Steve Jobs and his comment. The simple truth is this. A CEO's job is to maximize profits. Nothing else. If he is not doing everything in his power to make money for his company, he needs to be fired. Whether that includes shipping jobs oversea's or Buffet trying to pay the least amount in taxes.

    Edit: Also why would the twelve hour work day matter? There are many places right here in America, that run a second and third shift. If you run 3 shifts, that means someone is always on.
     
    Last edited: Apr 28, 2012
  10. Mr. H.
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    Mr. H. Diamond Member

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    Apple 'avoiding billions in global taxes,' report claims - Yahoo! News

    Gadget giant Apple is avoiding billions of dollars in taxes by setting up small offices around the world to collect and invest the company's profits, according to The New York Times.

    Saturday's report said an office in Reno, Nevada, where the corporate tax rate is zero, was one of many that the California-based technology giant uses to legally sidestep state income taxes on some of its gains.
     

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