In 2012, Apple sold $157 billion worth of iPad, iPhones, Macs, songs, apps, and other assorted technological goodies, making almost $42 billion in profit. This past fiscal year, Apple sold a staggering $171 billion worth of iMerch, but only made $37 billion in profit.
Here’s a little shocker for Cook and company: You actually have to release new products if you want to prosper.
Verizon Wireless posted encouraging second quarter numbers, bolstered by increased revenue from smartphone sales and the shift from copper to fiber optics’ FiOS for wireline and Internet customers. The No. 1 U.S. mobile carrier announced Thursday a $1.83 billion quarterly profit on $28.552 billion in revenue.
Even though Android is handily winning the mobile market share battle, Apple is still trouncing everyone else when it comes to actually making money from its phones.
This past quarter has been very good to Apple.