> + From October 2011 through September 2012, the combined net profit of Microsoft, Google, eBay, Yahoo, Facebook and Amazon was $34.4 billion. Apple alone made $7 billion more.
> + In the same period, Dell, Asus, Intel, Acer, IBM, Lenovo and HP, i.e. virtually the entire PC industry, made $19.3 billion or less than half of Apple’s profit.
How’s that for some context.
not $7 billion, but 41.7
Shut them down and give the money back to the shareholders.
I think it’s funny when investors panic about Apple. The recent dramatic drop in share price is a prime example. There are so many statistics you could look at like the stats listed here that tell a story of a company that is firing on all cylinders. Yet when someone posts an article talking about Apple’s “lack of innovation”, many panic. Looking at the real data rather than subjective and vague opinions will point you in the right direction.
Not good enough. Stock sell-off!
Stocks are valued based on speculation of future performance, not past performance. Sky high valuations like Apple’s are based on the idea that the company will continue to have monumentally profitable quarters for the forseeable future, hence the selloff when the company doesn’t meet expectations (even if it is still highly profitable). That said, I’m not a financial analyst so I don’t know if Apple is undervalued or overvalued based on what they have in the pipeline.
LOLOLOLOLO
Read it again.
DOOOOOOOOOOMED!
Sky high valuations like Apple’s
Sky what now?
Apple is the most valuable company in the world. I didn’t mean to suggest it isn’t deserved, just that it is very highly valued.
“Sky high valuations like Apple’s”
You’re probably the kind of person that thinks Google is doing better than Apple because Google’s share price is 661 while Apple’s is a mere 589…
Sky high by what metric exactly?
Apple’s current share price seems to be linked solely to the amount of cash they have in the bank. Profits apparently are irrelevant.
Ah. Understood.
Probably my own fault. I wasn’t aware of the connotation of the phrase “sky high”
No need to apologise. The assumption was mine.
I feel so used.
Sell, Sell, Sell!
Let’s just hope the post-Steve momentum continues ….
iBand, anyone?