Archive: Apple profits

Forget Mr Rockefeller, forget the oil companies, and forget Google. In January 2015, Apple has just become, the company which has recorded the largest profits ever. With a record breaking quarter posting profits of $18 billion dollars, the company now has a fat wad of cash totally some $142 billion. Indeed, it could be said that the company is acquiring more money than it can spend it. A nice problem to have! But to put it into a little perspective, it has just bought out Beats! for $3 billion, and that was its largest purchase ever. It seems incredible that a single company can make so much money largely thanks to a product that slips seamlessly into your pocket.