We already know that Apple makes incredible profits, but it's sometimes dizzying to realize just how profitable the iPhone maker is. According to the San Jose Mercury News, the Cupertino company generates more income than Google, Hewlett-Packard, Intel, and Cisco combined.
Whether your current-generation iPhone has Flappy Bird installed or not (see previous story), if it happens to be unlocked, that device is worth some cold, hard cash overseas, particularly in Brazil and Italy.
A U.S. Senate subcommittee may have spent the better part of Tuesday grilling Apple executives over untaxed offshore fortunes, but Cupertino isn't the only tech company taking advantage of the same loophole.
Apple broke its way into the top 10 of the Fortune 500 list of top American revenue earners for the first time today, making an impressive leap from No. 17 to No. 6 since last year's rankings. Fortune also lists it as the second most profitable company in the United States after Exxon Mobil. This can only be good news for Apple in the wake of recent concerns about its falling stock prices and its shaky hold on the smartphone and tablet markets, and it stands as a stark reminder of the tech giant's potential for growth in spite of increasingly grim projections.
Riddle us this: E-tail giant Amazon barely makes a profit in Q4 2012, yet their stock sees a gain of 10 percent, while Apple makes a huge profit during the same quarter and gets punished by its stockholders.
The news is not completely a surprise considering the company teased about it a couple weeks ago, but Nokia at long last had a profitable quarter by the end of 2012, despite a $3 billion loss for the year.
It's not easy being the king of U.S. wireless -- even with record new subscriptions, Verizon still managed to rack up a loss for the end of 2012 thanks to Superstorm Sandy damage and rising pension costs.
Verizon Wireless continues to bring its A game, adding an additional 33 markets for its 4G LTE service as it posts $28.6 billion in operating revenues for Q2, announcing that smartphones now make up a full half of its postpaid customers.
Despite widespread use around the world, prepaid cell phones have never really caught on in the U.S., where two-year commitments stubbornly refuse to go away. But two companies whose fate depends on prepaid have watched their fortunes plummet during what is typically a strong quarter.
Stop us if you’ve heard this one before: A manufacturer specializing in Android handsets unleashes a dizzying torrent of models to confuse customers, then blames a steep drop in net profit on one device sold by a rival.