CNNMoney:
The Cupertino, Calif.-based company said its fiscal first quarter profit rose to $13 billion, or $13.87 per share, more than double the profit Apple booked a year earlier.It was one of the most profitable quarters ever for any U.S. company, trailing only ExxonMobil’s record-setting $14.8 billion quarter from the fall of 2008, when oil prices were at an all-time high.Apple is sitting on most of those profits. It now has $97.6 billion in cash.
You might want to read that again. Apple, a company many left for dead in 1996, a company who’s share price was less than its cash on hand at one point in the 1990s, a company that once desperately hoped to be bought by Sun Microsystems, just had the second greatest quarter in US financial history. Congratulations to everyone at Apple.