Apple had recently announced its 4th quarter 2012 earnings report. Despite posting a record $13.1 billion in profit, Apple’s stock has dropped significantly from its all-time high of around $700. I’m posting a few articles that puts their “disappointing” quarter into some perspective:
The $13.1 billion in profit Apple posted for the first quarter of 2013 is the most profitable quarter for a tech company in history, just edging out the record $13.06 billion set in the first quarter of 2013 — also by Apple.
A comparison of Apple’s record quarter to those of the other most profitable companies in the United States shows Apple head and shoulders above its American peers. Apple’s $13.1 billion in profit is 31 percent more than the $10 billion of its closest competitor, oil giant ExxonMobil, which briefly surpassed Apple in market cap following investors’ negative reactions to the most recent quarter.
http://appleinsider.com/articles/13/02/07/apples-disappointing-quarter-still-outperforms-the-most-profitable-us-companies
Apple’s record profits contrasted with Amazon’s hopes to turn a profit:
Apple’s profits for fiscal 2012 reached above $40 billion, making it the only tech company to ever reach that benchmark. In fact, it’s a feat only ever matched by oil giant Exxon Mobil.
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