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.
The iPhone's come a long way in the seven years since it's been around. According to data compiled by Businessweek, if the iPhone had its own ranking on the Dow Jones Industrial Average, it'd be larger by revenue than corporate heavyweights like Boeing, Coca-Cola, Microsoft, and McDonald's.
Today during Facebook's earnings call, Mark Zuckerberg confirmed the fears expressed by many users when the social-networking behemoth acquired Instagram--ads will eventually be coming to the popular photo sharing service. It was bound to happen at some point (even if Zuckerberg and his billion-dollar check hadn't showed up), as Instagram hasn't generated any revenue for years.
Strange but true: Windows Phone has no official YouTube app, and now Google wants to eliminate the only real option available to users, claiming Microsoft is violating terms of its API by eliminating ads.
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.
The middle of April is behind us, which means corporations will begin posting quarterly earnings for the first three months of 2013. First out of the gate: Verizon, who's off to a great start, and Nokia, who still isn't out of the woods quite yet.
We'll have to wait just a bit to see Apple's own quarterly results on Tuesday afternoon, but there's plenty to look forward to if AT&T's own Q2 2012 results are any indication, with the onetime exclusive carrier activating 3.7 million iPhones during the quarter.
There may not have been a new iPhone this past summer, but Apple continued to ride high in its fiscal fourth quarter anyway, reporting record sales of the Mac and iPad product lines as well as the company’s highest September quarter revenue and earnings ever -- but go figure, the analysts are looking at the glass as half empty anyway.
There is little doubt that China is the next location for explosive growth for Apple, where in recent months fake stores have popped up on the radar to take advantage of the company’s popularity there. Soon, mainland China will enjoy a 3G-equipped iPad 2 like the rest of us, as well as a retail store opening in neighboring Hong Kong.
AT&T may not have had the insane second quarter that partner Apple did, they’re still rockin’ the iPhone like a hurricane, with 3.6 million of the handsets activated over the last three months and nearly a quarter of those were new customers.