“In the last three months of 2014, Apple posted the biggest quarterly profit — $18 billion — in corporate history,” Ananya Bhattacharya reports for CNN. “For Apple’s fiscal year, which ends in September, the company is set to rake in $52.5 billion in earnings, according to analysts surveyed by Thomson Reuters.”
“If Apple hits that mark, it would be the largest annual profit ever generated from a company’s operations. (Fannie Mae got a giant one-time accounting benefit in 2013 that gave the company a net income of $84 billion),” Bhattacharya reports. “Apple is already in striking distance of besting ExxonMobil’s record-setting $45 billion profit recorded in 2008.”
Bhattacharya reports, “Apple is set to report its past-quarter earnings on Tuesday, and analysts are expecting a relatively lean (for Apple) $10.4 billion in net income.”
MacDailyNews Take: Aww, only $10.4 billion. In 90 or so days.
“The X-factor in Apple’s earnings could be the Apple Watch,” Bhattacharya reports. “But don’t expect to see Apple Watch figures yet. Before the Watch released, the tech mammoth announced that it will be lumped with the likes of Apple TV, Apple music — and recently, the iPod — in the ‘other’ category.”
Read more in the full article here.
MacDailyNews Take: Boom!
And this is just the beginning of a prolonged run of historic proportions.
[Thanks to MacDailyNews Reader “Edward W.” for the heads up.]