Apple posts biggest single year profit in human history

[UCFKnight85]

$76.2B in revenue
$18B in profit
$172B in cash on hand

"Profit of $18 billion was the biggest ever reported by a public company, worldwide, according to S&P analyst Howard Silverblatt. Apple's cash pile is now $178 billion, enough to buy IBM or the equivalent to $556 for every American."

Surely Apple must be Public Enemy #1 on chemmie's hit list



Apple had a good year

 

[KnightedIbis]

Some trader on reddit claims to have made like $50k in an options bet on APPL.

 

[UCFKnight85]

Originally posted by KnightedIbis:
Some trader on reddit claims to have made like $50k in an options bet on APPL.

I'm sure many people are clearing way more than that today. Stock is up 8% right now.

 

[Game_Day_Sports]

If they funneled that money into the economy, I would be able to get my McDonalds given to me by a person with a masters instead of a USF Grad.

With $172B in cash on hand, can't they buy a country like Canada and change the name to Apple?

 

[Boston.Knight]

Those cheap fuks won't ever get a nickel of my money, with their soot covered Chinese factory slave labor building their crappy devices. Jobs was so cheap , like Ebonizer Scrooge cheap with charitable giving, yet people revere him as a hero. Tim Cook has opened up the purse strings a little bit, but there is still plenty room to go.

 

[Bob the Citronaut]

Do you still have your Philips TV Boston?

BUY APPLES!! SELL GOLD!!
Posted from Rivals Mobile

 

[UCFRogerz]

What do you do with 172 billion dollars? It can't be all sitting in one bank account... do they have thousands of bank accounts? I don't know how to protect that much money. It could be 10 million and I would still be just as clueless. I wish this was a problem I had.

 

[UCFKnight85]

Originally posted by UCFRogerz:
What do you do with 172 billion dollars? It can't be all sitting in one bank account... do they have thousands of bank accounts? I don't know how to protect that much money. It could be 10 million and I would still be just as clueless. I wish this was a problem I had.

This is part of the reason taht investors have been screaming at Apple. They've had this historic mountain of cash that they can't figure out to do with. Even if they took just $15B of that and did a stock buy back / dividend increase, the stock would take off another 15-20% in 12 months. If they can't figure out what to do, that's the easiest and most immediate thing to do.

One thing Apple should do is either roll out a brand new streaming music service or go buy an existing one. iTunes is a dying platform and no one pays per song or album anymore. They're getting crushed by streaming services.

 

[jetsaholic]

They're about to make some more money now that the Apple TV 3 is out. I'm still waiting to see their streaming service before I get mine.

 

[chemmie]

I don't own a single Apple product, Copernicus.

 

[1ofTheseKnights]

Apple products are for Philistines

 

[Bob the Citronaut]

Ban business profits!!!!

Posted from iPhone6S+

 

[HuffyCane]

Chemmie "doesnt understand" their business model.

 

[KnighttimeJoe]

I love when Jets resurrects posts.

 

[UCFKnight85]

How the hell did you even find this post from January?

 

[EweSeaEff]

How the hell did you even find this post from January?

Everything gets saved in the Ultra Dungeon.

 

[jetsaholic]

I love when Jets resurrects posts.

Thanks!!!

How the hell did you even find this post from January?

With one of these:

 

[UCFBS]

$76.2B in revenue
$18B in profit
$172B in cash on hand

And yet 9 out of 10 of their associates are in China, because they cannot afford American workers.

Although in their defense, having the 2nd highest tax rate in the world tends to add to that, especially when we have one-way free trade (US consumer benefit, US producer loss).