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This is pretty insane, I think $18 billion in quarterly profit is the largest ever for any corporations. Also the revenue from iPhone business alone now exceeds

This is pretty insane, I think $18 billion in quarterly profit is the largest ever for any corporations. Also the revenue from iPhone business alone now exceeds Microsoft and Google combined.

aaronbrethorst 12y ago
Yep: http://en.wikipedia.org/wiki/List_of_largest_corporate_profits_and_losses#Largest_Corporate_Quarterly_Earnings_of_All_Time http://en.wikipedia.org/wiki/List_of_largest_corporate_profi...
- liquidise 12y ago
  Always amazed by the lists one can find on Wikipedia. The largest losses also tell an interesting tale.
  - mikeash 12y ago
    It's interesting how the largest losses are far larger than the largest gains. Shows how it's easier to destroy than create.
  - jballanc 12y ago
    http://en.wikipedia.org/wiki/List_of_lists_of_lists http://en.wikipedia.org/wiki/List_of_lists_of_lists
- acchow 12y ago
  This list is weird. How did Fannie Mae hit the top list annually in 2013 with $84bn but not have a single quarter with at least $21bn (=84/4) that year?
  - zaroth 12y ago
    Well we know they're not so good with numbers...
adventured 12y ago
Not sure that's true just yet, but it is close. Apple's December quarter tends to be particularly blowout, sales will fall by 30% to 40% by the June quarter. Microsoft and Google will combine for $160x billion in sales this nearest fiscal year. The iPhone for the same fiscal year will generate approximately $150 to $170 billion depending on how the year goes. Edit: What's with the stream of downvotes? What I said is accurate.
- sbuk 12y ago
  You are making a prediction. How can that be accurate?
arrrg 12y ago
Introducing a larger device was exactly the right move it seems … I wonder how that interacts with their iPad business (which isn’t even just stagnant, it’s shrinking). Maybe it’s one of the reasons why the iPad really didn’t do this well this quarter? Not that it really matters all that much, though, if the iPhone 6 Plus is eating (part) of the iPad pie. Better that than a competitor.
- coralreef 12y ago
  Bigger phone sales are definitely eating iPad sales. And people upgrade tablet devices less often anyway, I'm still on an iPad 2 for example. Should be interesting with the rumored iPad pro, which will be much larger (12" retina possibly w/ stylus).
- MBCook 12y ago
  I believe Tim Cook said that the iPad wasn't turning over as fast as the iPhone (people are keeping them more than 2 years) and that the 6+ is eating some of their tablet sales. > Not that it really matters all that much, though, if the iPhone 6 Plus is eating (part) of the iPad pie Certainly. Plus the iPhone 6+ is a $750+ device and it's competing with the $350+ iPad Mini. Add in the fact that iPhone users are incentivized (in the US at least) to replace their device every two years and that's probably much better than selling someone a $500 iPhone and losing the tablet sale to someone else.
saryant 12y ago
Saudi Aramco is probably the largest but since they aren't publicly traded, we don't really know. Estimates put their annual profit at ~$180 billion, so their quarterly revenue would be ~2.5x Apple's.

This is pretty insane, I think $18 billion in quarterly profit is the largest ever for any corporations. Also the revenue from iPhone business alone now exceeds Microsoft and Google combined.

aaronbrethorst 12y ago

Yep: http://en.wikipedia.org/wiki/List_of_largest_corporate_profits_and_losses#Largest_Corporate_Quarterly_Earnings_of_All_Time http://en.wikipedia.org/wiki/List_of_largest_corporate_profi...

liquidise 12y ago
Always amazed by the lists one can find on Wikipedia. The largest losses also tell an interesting tale.
- mikeash 12y ago
  It's interesting how the largest losses are far larger than the largest gains. Shows how it's easier to destroy than create.
- jballanc 12y ago
  http://en.wikipedia.org/wiki/List_of_lists_of_lists http://en.wikipedia.org/wiki/List_of_lists_of_lists
acchow 12y ago
This list is weird. How did Fannie Mae hit the top list annually in 2013 with $84bn but not have a single quarter with at least $21bn (=84/4) that year?
- zaroth 12y ago
  Well we know they're not so good with numbers...

adventured 12y ago

Not sure that's true just yet, but it is close. Apple's December quarter tends to be particularly blowout, sales will fall by 30% to 40% by the June quarter. Microsoft and Google will combine for $160x billion in sales this nearest fiscal year. The iPhone for the same fiscal year will generate approximately $150 to $170 billion depending on how the year goes. Edit: What's with the stream of downvotes? What I said is accurate.

sbuk 12y ago
You are making a prediction. How can that be accurate?

arrrg 12y ago

Introducing a larger device was exactly the right move it seems … I wonder how that interacts with their iPad business (which isn’t even just stagnant, it’s shrinking). Maybe it’s one of the reasons why the iPad really didn’t do this well this quarter? Not that it really matters all that much, though, if the iPhone 6 Plus is eating (part) of the iPad pie. Better that than a competitor.

coralreef 12y ago
Bigger phone sales are definitely eating iPad sales. And people upgrade tablet devices less often anyway, I'm still on an iPad 2 for example. Should be interesting with the rumored iPad pro, which will be much larger (12" retina possibly w/ stylus).
MBCook 12y ago
I believe Tim Cook said that the iPad wasn't turning over as fast as the iPhone (people are keeping them more than 2 years) and that the 6+ is eating some of their tablet sales. > Not that it really matters all that much, though, if the iPhone 6 Plus is eating (part) of the iPad pie Certainly. Plus the iPhone 6+ is a $750+ device and it's competing with the $350+ iPad Mini. Add in the fact that iPhone users are incentivized (in the US at least) to replace their device every two years and that's probably much better than selling someone a $500 iPhone and losing the tablet sale to someone else.

saryant 12y ago

Saudi Aramco is probably the largest but since they aren't publicly traded, we don't really know. Estimates put their annual profit at ~$180 billion, so their quarterly revenue would be ~2.5x Apple's.