Apple's profit last quarter was 143% of Amazon's lifetime earnings

With a market capitalization of $943.4 billion at the end of last week, Apple is now just a 6% rally away from becoming the world's first $1 trillion public company. Amazon, which many felt would overtake Apple to reach the one trillion mark first, needs to see its shares rally 29% to reach the 13 figure mark. But Apple's shares really popped since the beginning of this month, thanks to two events.

Apple reported its earnings on May 1st, during which CEO Tim Cook soothed investors' nerves about Apple iPhone X demand. The executive noted that the tenth anniversary model has been the top selling iPhone since the release of the premium unit in November. This was followed by the news that Warren Buffet added 75 million shares of Apple to his portfolio from January through March.

If there is a Good Housekeeping Seal for stocks, Buffet's involvement in a company is it. One of the richest men in the world, Buffet usually shies away from technology. But Apple's bottom line drew him in. Talking to CNBC earlier this month, Buffet noted that Apple is the most profitable public company in the U.S. and makes more than twice as much as the second most profitable publicly traded U.S. firm.

While Buffet has publicly acknowledged missing the boat on Amazon, consider this amazing statistic. The $13.8 billion profit that Apple reported for the three-month period that ended in March is 43% more than the $9.6 billion earned by Amazon since the creation of the company in 1995. After a series of losses, Amazon finally went into the black during the fourth quarter of 2003.

Buffet is said to value current earnings more than analysts' usually overly optimistic forecasts. The investor himself said back in 1995 that "I think it's fair to say, we've never looked at a [analyst] projection in connection with either a security we've bought or a business we've bought." And that would mean he probably never read the report by Goldman Sachs analyst Heath Terry on Amazon. Sent to Goldman clients last month, the report says that Amazon is being undervalued by the market despite its future potential.

As far as Apple is concerned, there will come a time when iPhone sales can no longer do the heavy lifting. Some believe that this is happening now, although the company still sold 3.1% more phones than it did during the same quarter last year. While growth in Services is expected to help, a new product will be needed. According to former Piper Jaffray analyst and current venture capital executive Gene Munster, that will be the Apple Glasses. Munster, who has followed Apple for years, recently said that the company has entered a new era that is not dependent on iPhone sales.

source: CNBC



1. darkkjedii

Posts: 31771; Member since: Feb 05, 2011

Apple is killing the game right now. Haters gonna do just that, but Apple’s momentum can’t be denied. Like I said, the X is just a few features (mostly multitasking), from being about the best there is on the market. I’m all over the 6.5, as speculation points to it having split view and picture in picture. Bring it on.

5. Nimbus

Posts: 442; Member since: Apr 02, 2018

But darkk u were an HTC,Motorola fanboy earlier before samsung galaxy s3,note2 and iphone 4 u use to own HTC 3D EVO and HTC touch diamond and moto droid 2 and moto features phones (remembered?) u use to love their devices back then now today u betraying them as HTC is going bankrupt from being poor which u don't care about when u have own their couple of devices in the past and moto got raped by lenovo on other hand Apple today ur favourite company is becoming the 1st trillion one mark company in history.why did u betray ur past favourite companies before apple,samsung what the reason behind it?I want to know it honestly.

11. darkkjedii

Posts: 31771; Member since: Feb 05, 2011

If we’re being honest, you post like a damn idiot, and I wish you’d never respond to me ever again. This will be my last response to you, cause I don’t deal with the site trouble makers. GO AWAY TROLL!!!

32. cocoy

Posts: 464; Member since: Oct 30, 2015

@Nimbus What's the big deal if darkk switches among those devices? He is a consumer just like us and he has the capacity to pay for what he wants. Sometimes, people are getting too attached to the brand of the device they were using..what a life.

35. darkkjedii

Posts: 31771; Member since: Feb 05, 2011

Well said, and he’s doing a lot of lying.

38. Phullofphil

Posts: 1846; Member since: Feb 10, 2009

I appreciate what you saying and it’s so true. But it’s almost a waste of effort with all the pessimism on n here about just about everything especially apple.

40. darkkjedii

Posts: 31771; Member since: Feb 05, 2011

Can you elaborate a little more?

42. Nimbus

Posts: 442; Member since: Apr 02, 2018

Cocoy the guy doesn't want to admit politely even when he had buy their devices back then,today he is showing no respect to these companies since how this evolution of smartphones took place before iphone revolution,he act like he didn't had any of these companies smartphones even when they were popular in his country before iphones and samsung.i don't have any problem with him but he lying and betraying these past companies over today companies is so undeniable i mean he does have a past list of smartphones he had owned when had his first one way before iphones and samsung s phones till today with his samsung note 8.Go ahead i see what he is now upto.

45. Nimbus

Posts: 442; Member since: Apr 02, 2018

Cocoy I agree with ur points there u didn't said anything wrong people do switch brands but atleast this guy should pay heed,respect to these companies for letting allowing him a communication devies to talk among his well known people way before these android,iphones smartphones existed before these 10 years of revolution since its introduction in 2007,2008.

49. sissy246

Posts: 7129; Member since: Mar 04, 2015

OMG, dude are you for real, LMAO They are F-ing phones and phone companies, pay respect to a phone and company, OMFG Do you think they respect you, NO, all you are to them is their cash cow other wise they care nothing about you.

51. darkkjedii

Posts: 31771; Member since: Feb 05, 2011

I can’t believe he’s riding me about this lol. It’s all he’s done, since he made his account. It’s like he made the account specifically to try to bother me. He’s also lying. Reading his posts is like navigating blindly thru a landmind field, hoping to not hit one...not gonna happen.

56. sissy246

Posts: 7129; Member since: Mar 04, 2015

I know, LOL He is so worried that you might not be showing respect to phone's you might have used years a go, lol I mean how dare you, lol I can give a rats ass about the phones I used in the past, all that matters is the one I am using now.

59. darkkjedii

Posts: 31771; Member since: Feb 05, 2011

Right on sis. He calling me a Nokia fanboy, I’ve had one e71 in 08, when I wasn’t even on this site lol. Right now, I have my Note 8, and bought another X, cause I missed iOS access in my pocket. Now the haters will really be mad.

7. Nimbus

Posts: 442; Member since: Apr 02, 2018

I guess u were also using Nokia symbian os smartphones and features phones back then in usa since it was dominant and popular back then before iphone and android phones.u also said in htc pa articles of history of htc,moto smartphones u use own them and like them.

13. FReDcc

Posts: 73; Member since: Jun 11, 2015

@darkkjedii you switch sides faster than Flash :D

19. darkkjedii

Posts: 31771; Member since: Feb 05, 2011

I’m loyal to my wife, family, and friends you stupid fool. Rich tech companies, who don’t know I even exist, can never have my loyalty. And for the record Nimus doesn’t speak for me...he can’t even properly compose his rants.

43. Nimbus

Posts: 442; Member since: Apr 02, 2018

Well I know u have owned few Htc,motorola,Nokia smartphones very well in the past when u have ur 1st smartphones way before iphones and Samsung note revolution.Those companies were popular back in those days in USA when u were in ur 20s before ur family before ur iphones,Samsung smart phones came in ur life.I'm sure u have ur list of smartphones history in ur memory very well u don't want to admit it as ur behaving like a new guy to us who has owned only Samsung,apple phones.i know u have htc smartphones like htc evo 3d,touch diamond which u said in past articles of htc and motorola features phones and nokia symbian os smartphones before android and apple iphones.i'm not hating u it's just didn't like how u direspect these companies and betraying as they didn't created phones evolution before iphones,Android revoultion.Go on what u want to say to me but i tell u what i won't even mind it if ur dont want to tell us in this tech forum even u like tech urself.

44. Nimbus

Posts: 442; Member since: Apr 02, 2018

It's just show you kind of get miff and mad about people asking ur past history of smartphones owned uptill now today over ur note 8 or want to know ur lifestyles and work.well u can go ahead i won't be affected by ur negligible just only i ask u and want to know it since u r the oldest member here since 2011.

47. Sparkxster

Posts: 1261; Member since: Mar 31, 2017

What few features do you feel the iPhone X is missing? Do you miss having touch ID?

52. darkkjedii

Posts: 31771; Member since: Feb 05, 2011

I’d love to see split view, picture in picture, and Pencil support, on the X. Sorry for the late response.

64. Sparkxster

Posts: 1261; Member since: Mar 31, 2017

No worries :-) Those extra few features would make the iPhone X a beast!

65. darkkjedii

Posts: 31771; Member since: Feb 05, 2011

Big time.

61. Vokilam

Posts: 1455; Member since: Mar 15, 2018

hey, just want to officially announce that I got a new phone yesterday as well as switching over to verizon from att. took advantage of the verizon deals (thanks to updates on all these deals on PA). so i'm not an android user anymore - i decided that i already have an ipad, lets try an iphone (again). first impressions: face id is fantastic, u forget that your phone actually locks and unlocks after a day of use oled screen - no difference from my ipad screen control center is pull "down" unlike ipad, but same as my note havent played with camera too much, so standby for now AR apps are freaken awesome some of the new gestures i'm still getting used to, but the rest were like second nature havent charged the phone yet since opening the box so battery seems great all apps i installed so far are all optimized to the x screen the notch looks modern, watching movies and looking at photos on a full screen feels so cool google services and apps work just as well on ios as they did on android and are all optimized to the notched screen anyways apple did a good job here, build feels solid, black chrome on the bezel and apple logo looks great. finally a device without ugly FCC wording lack of 3.5mm jack seems overrated - been using wireless on note, will continue on x. dislikes: gotta swipe down to see battery percentage some of the initial syncing from ipad and transferring contacts required some effort - thought it would be easy to omit or select what to move - its either all and then manually organize/delete/edit i felt verizon employee was hasty to get me out of the store - didnt even complete att to verizon switch, he said it should work in a few minutes, i had to finish his job myself later and was finalized next morning rear camera is fugly waiting for my leather case in the mail that should smooth out that protrusion (even samsungs old phones rear camera doesnt protrude as much) afraid for glass front and rear, being very careful until case arrives bottomline: dont care for fanboy hate and lack of logic - x is great device, many things are better than my note will let you know (if you care) if i miss any android features

2. gamehead unregistered

I believe Apple is overvalued. 1 trillion dollars?

3. kiko007

Posts: 7525; Member since: Feb 17, 2016

Please explain your reasoning? And for the love of God, don’t say something ridiculous like “They make such and such worse than their competitors” because that had nothing to do with their elevated value.

12. Back_from_beyond

Posts: 1486; Member since: Sep 04, 2015

Apple stock is seriously inflated and hinges on 1 product, the iPhone. It's a very fragile thing, as long as interest remains everything is fine, when it drops and the global market is likely to start shrinking which will affect Apple as well. Types like Warren Buffet know how easy it is to influence the stock price of companies like Apple. His only aim is to rally the price and cash out before the s**t hits the fan and the soapbubble of Apple stock pops. Apple's $1trillion valuation is likely to be a short-lived one.

17. kiko007

Posts: 7525; Member since: Feb 17, 2016

You got any facts to back up what you said? Because posters such as yourself and Finalflash have been posting stuff like this for years now... and have remained inaccurate for what seems like forever.

27. bur60

Posts: 981; Member since: Jul 07, 2014

It's sadly how the financial world works. A single company being number one on a single front is very prone to fluctuations. The reason why Apple's stocks keep rising is because of Apple hype + Apple is doing really well. I'm not an Apple guy but Apple seriously has the most profitable money cow on the world.

54. Finalflash

Posts: 4063; Member since: Jul 23, 2013

It's the same thing with the whole stock market, everyone is up to the sky and the Dow is at 25 000+ after a catastrophic event not 10 years ago. They dumped a trillion into the laps of the rich and, surprise, that money went to investments and stocks and other financial markets. Apple stock is going to a trillion because it was at 900 billion and they just said they'll buy back 100 billion worth. If iFans (and iPA) weren't idiots they'd be able to add those numbers together. If you look at MS, Google, Facebook or Amazon, none of them are manipulating their stocks at all. No weird buybacks, no splits or pretty much anything to do with their stocks. Tim Cooks sole focus is financials and it shows. To judge Apples success from their stock price is complete idiocy. Their products have been getting more and more half assed since Jobs died. A smart speaker that's 2 years late and stupid as hell. A watch that took 3 years to get to a decent usable state. Phones that look, feel, and basically are the same for 4 or 5 years. No real investments in future tech like AI but they throw around the buzzwords like crazy during their cult like presentations. Getting caught harming their own consumers by purposely throttling devices, something that was a dirty secret up to that point. Etc, etc... The whole market is going to crash soon that's just the boom and bust cycle we live in. The worst of that will be felt by Apple because they're a consumer products (actually just iPhone) company only. Under Cook there isn't really a future planned, just a squeezing of the past successes.

4. darkkjedii

Posts: 31771; Member since: Feb 05, 2011

Their investors, product demand, and customer satisfaction rating say otherwise.

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