“Even after a quarter widely panned on Wall Street as ‘flat’ or ‘disappointing,’ Apple holds the top spot among the most profitable U.S. companies by a significant margin,” Kevin Bostic reports for AppleInsider.

“The $13.1 billion in profit Apple posted for the first quarter of 2013 is the most profitable quarter for a tech company in history, just edging out the record $13.06 billion set in the first quarter of 2012 — also by Apple,” Bostic reports. “A comparison of Apple’s record quarter to those of the other most profitable companies in the United States shows Apple head and shoulders above its American peers.”

Bostic reports, “Apple’s $13.1 billion in profit is 31 percent more than the $10 billion of its closest competitor, oil giant ExxonMobil… Apple earned more than twice the $6.4 billion of its nearest competitor, Redmond software giant Microsoft. Add in the $5.8 billion earned by IBM, and Apple still beats the total by nearly a billion dollars. ”

Read more in the full article here.

MacDailyNews Take: Jim is a young, electric Olympic high jumper. Just before the Olympics, sportswriters expected him to jump 2.65 meters, which would obliterate the World Record (2.45m). At the Games, Jim jumped 2.60 meters, setting new Olympic and World Records. The bar had never be set higher, nor had it been cleared with such power.

“Disappointed” sportswriters blasted him for his “failure” meet their expectations. For weeks afterwards, Jim’s “failure” was discussed ad nauseam in newspapers, on sports radio and on TV. The “disappointment” became so rampant that Wheaties declined to offer Jim a contract. Obviously, “The Breakfast of Champions” could not be associated with such an abject “failure.”

In the meantime, with the World Championships looming, Jim’s so-called “competition” silently pissed themselves, resigned to “competing” for distant second place finishes for the remainder of their unremarkable careers.

[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]

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