Apple dethrones Gazprom for the most profitable corporate quarter in the history of mankind

Apple dethrones Gazprom for the most profitable corporate quarter in the history of mankind
We still live in the oil era, and know the extraction business is a good business, right? Case in point are the top 20 largest quarterly net profit amounts that companies have reported - 15 of them are coming from oil and gas companies. The rest is... a certain company in the "fickle" consumer electronics business. In fact, said gizmo maker occupies five of the top 10 slots in the largest quarterly profits ranking list.

Well, you've certainly guessed by now where we are heading, as Apple just scored the largest quarterly corporate profit in the history of mankind, though not the universe, as we are sure somewhere in a parallel one another Apple might have made phones with larger displays a year or two earlier.

Apple made about $18 billion last quarter, toppling the largest three-month corporate profit of $16 billion that belonged to the Russian juggernaut Gazprom. How did Apple do it? Well, the iPhone line ASP was $687 for the quarter, marking a $50 increase from last year, due to the fact that Apple now has the iPhone 6 Plus, whose starting price is a Benjamin higher than the breadwinner. The average price to make and sell one, however, is about $220, even with the thorough redesign that the iPhones received, so roughly 200% profit on a handset, and Apple sold a record amount, too. As a result, now Apple has about $178 billion in cash to play with, and those can certainly buy you a lot of innovation still to happen.

Not too shabby for Tim Cook who's been at the helm of the world's most profitable company for three years and change only. Steve Jobs would definitely be proud of the well-oiled machine he managed to create, and the smart successor he handpicked and groomed for the CEO position.

image: Wikipedia



1. LetsBeHonest

Posts: 1548; Member since: Jun 04, 2013

A big congratulations to Apple. Well done.

7. alterecho

Posts: 1106; Member since: Feb 23, 2012

I would have appreciated them, too, if it were not for the fact, that the majority of their earnings are through over-pricing and over-charging. It's a wonder they didn't reach this milestone sooner.

10. LetsBeHonest

Posts: 1548; Member since: Jun 04, 2013

I wouldn't say that. Why would they price it lower when so many people are willing to buy it at a higher price tag? No matter how hard other manufactures tries, No matter how many "iPhone-killer" phones arrives, Apple and their iPhones still remains one of the popular and most profitable company in the whole world. That's some achievement in my opinion. For me iPhones are one of the good smart phones available definitely not the best because of my needs and preferences but that's just Me. Though I do like to buy one but its too costly for me. I can get my needs and wants satisfied with many lower priced phones so I'm lucky we have so many alternates to choose from. So I'm happy with my choice.:)

14. joey_sfb

Posts: 6794; Member since: Mar 29, 2012

My thought exactly. I wonder whether they will still give 1GB RAM for their iPhone 6s? Its going to be better profit margin in 2015. Maybe 1.5GB RAM as a good compromise.

24. xondk

Posts: 1904; Member since: Mar 25, 2014

The major reason that iphones sell for the baffling high revue per phone is marketing, and that is where apple's strength lies, not in hardware, or software, their real strength is marketing. As long as they can convince the users that their product is the best, the most wanted, can't live without one, that it isn't socially acceptable to have any other product and so on, the actual hardware specs hardly matter. However I don't think apple can keep it up, people are slowly coming around to the fact that there are products out there that suit them better then the very limited choices they have with iphones.

45. greathero1

Posts: 584; Member since: Jun 13, 2008

You could not be so far from the truth. I wanted to try something new because I had rocked Android since 2009 and my Note 3's performance was becoming a complete irritation. I was very apprehensible about switching but took a leap of faith and to my surprise I have enjoyed the experience. The couple of weeks were rough getting used to how things are done on iOS but I have it all figured out now. Device performance is stellar and the overall experience has been excellent. This is the main reason people continue to purchase iPhone after iPhone. I can definitely say that I am hooked and will probably keep this phone much longer than I anticipated. My decision had nothing to do with marketing. While the need to try something different is what brought me to Apple, it's actually the hardware and software and how well everything works together which will guide me to purchase another Apple phone in the future. Again, you are dead wrong in your assessment.

46. joey_sfb

Posts: 6794; Member since: Mar 29, 2012

Good that you enjoy your purchase. For me its the other way, i was lock in MacOS X and iOS environment for a few years. I am quite happy with them, like the Mac design, like the iPad design in fact i can't stop saying good things about them to every one during those time. I reason i left them is because i got bored, and certain Apple business practise disagree with me. I like to DIY component and Apple don't like that. I swap my Machook HDD from 120GB to a OEM 500GB. I did not know that hdd without apple approved firmware will end up with bad blocks. Another thing i don't like is Apple software features are given only to their latest hardware model e.g Airplay. With Windows i always get the full software features. When i started using Android i know its a better fit for me. Like i said please enjoy the device you own and respect other human being for making different choices.

61. greathero1

Posts: 584; Member since: Jun 13, 2008

I totally agree. I will definitely enjoy this device. As for the respect part, I totally agree as well. Nothing was disrespectful about my reply to him/her. He made a very general statement which we all know is completely false for the overwhelming majority of users. That's what I wanted to point out.

52. piggerz_b_piggin

Posts: 18; Member since: Jan 08, 2015

Yes but people still believe that the iPhone is the best smartphone they have ever owned because apple backs up its marketing campaign with great hardware and better software. The iPhone will always remain the whole of android's rival because android can never build the loyalty, trust, service and quality that apple provides.

73. joey_sfb

Posts: 6794; Member since: Mar 29, 2012

Correct, piggerz_b_piggin. iOS belong to Apple. So you really need to be happy with Apple to be happy using iOS. I don't think being loyal, trustful to a certain brand is to my long term advantage. I like to pick the best deal and Android multi vendors reality allows that. A single Google account allow me to port my data across brands and devices. That's is what I like. My current phone is a Galaxy Tab S 8.4 LTE with Gear watch and a Note 3 on my multi sim cards that share the same number. In Apple world it will be like using iPad mini as a phone which Apple does not allow.

17. AlbertAribe

Posts: 168; Member since: Jun 21, 2014

Really? Tell to Samsung to overpriced their Samsung mobile and tablet and let see if they can be on the top this 2015.

28. RareCandy

Posts: 61; Member since: Nov 20, 2014

Apple win, fandroid piss. Happily ever after :)

37. joey_sfb

Posts: 6794; Member since: Mar 29, 2012

I am not piss in fact i am happy for iPhone user. From another perpective it serve me better when Android OEM need to work harder to win back customers. Futhermore only Apple can sell iOS.

43. mrochester

Posts: 1020; Member since: Aug 17, 2014

Over-pricing products would result in a fall in profits, not an increase. Samsung is a good example of a company who is over-pricing products.

50. material

Posts: 80; Member since: Jan 08, 2015

Not true for Apple

74. joey_sfb

Posts: 6794; Member since: Mar 29, 2012

mrochester. All phone OEMs are very jealous of Apple because they are the sole vendor that can charge $980 dollars for iPhone. Samsung need to give 3x the RAM, 3x the screen resolution, lots of free gifts in order to sell Note for about the same price. I always buy a launch Samsung Note product due to the free gifts. I got a spare original battery with external usb charger, a docking station with speaker out worth $120 if purchased separately. Apple never once give a free gift for their phone purchase. Samsung is so jealous that they even sent people out to interview Apple queue to find out what makes Apple user tricks.

75. JunitoNH

Posts: 1946; Member since: Feb 15, 2012

Because gas prices are not overly inflated and exaggerated, please..... Go Apple, you make more than 3/4 all Android OEMS combine.

27. ramez

Posts: 1; Member since: Jan 26, 2015

This just means that they rip consumers, and u say congratulations!

2. androiphone20

Posts: 1654; Member since: Jul 10, 2013

Wow, looks like Apple won't be going broke anytime soon. Hail iPhone, amirite?

3. Kruze

Posts: 1285; Member since: Dec 30, 2014

Yes, you're right, they're far from going broke. And no, no hail iPhone, the iPhone is nothing to hail about. Hail Mother Earth, hail Playstation.

4. androiphone20

Posts: 1654; Member since: Jul 10, 2013

Let me rephrase, Hail iPhone 6 Plus. better?

6. Kruze

Posts: 1285; Member since: Dec 30, 2014

Nope, the iPhone 6 Plus is still nothing to hail about. Great phone, but nothing to hail about. Let me add some more, Hail Mother Earth, hail Playstation, hail Android, hail hydra.

8. androiphone20

Posts: 1654; Member since: Jul 10, 2013

*Hail hard drive

5. vuyonc

Posts: 1091; Member since: Feb 24, 2014

Profit margins of many smartphones are generally absurd when you think about it.

13. itsdeepak4u2000

Posts: 3718; Member since: Nov 03, 2012

Yes and Apple has huge profit margins than others.

23. vuyonc

Posts: 1091; Member since: Feb 24, 2014

I don't know how they do it. Is it a 'they did it first' complex?

25. xondk

Posts: 1904; Member since: Mar 25, 2014

Marketing, they have convinced a lot of people that an iphone is 'the' product, that it isn't acceptable socially to have any other product, to look down on other products and so on. And as long as they can continue to keep that going, then hardware and software hardly matter.

34. vuyonc

Posts: 1091; Member since: Feb 24, 2014

True that. I remember when I got a Blackberry Torch 9800 for Christmas 2010 and all my friends were like "lol we thought you were an iPhone guy" when I'd never voluntarily touched a Apple product in my life. Their brand image runs so deep. With TVs, there's the Samsung/LG/Sony brand image trichotomy. With cars, no average manufacturer has a clear brand image advantage. PlayStation and Xbox have been on similar footing after a decade. But Apple can send profit margins through the roof with relatively little innovative effort and R&D spending and make billions while every other OEM could innovate its butt off and make... thousands.

47. Salazzi

Posts: 537; Member since: Feb 17, 2014

False. Samsung alone outspends Apple 2:1-3:1 in marketing. As a matter of fact, it's a generally known fact that Apple spends minimum for marketing. Truth is that hardware and software is phenomenal and works hand in hand quite well. Marketing is essentially a non-contributor to Apple's success.

51. 14545

Posts: 1835; Member since: Nov 22, 2011

You haven't actually looked at the numbers, have you? I don't love samsung, nor am I a Samsung fanboy, but IIRC, Samsung spent like 10x what apple did in 2011 on R&D. So next time don't let your brand loyalty shine through so strong.

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