Apple could make an astounding $53 billion profit this year, setting the all-time record for any company

“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.]


  1. Damn straight.

    Apple’s current chapter is just beginning, Apple is the only company in this country that is making money hand over fist becuase it cares about quality in design, product and customer service.

  2. And yet Wall Street “experts” will say to sell Apple because it can’t possibly keep it up and won’t continue to grow or innovate. Meanwhile, they’ll say to buy Microsoft while praising its business model and steady cash flow. Crazy.

  3. The revenue, profits, buybacks, dividends and reserve cash are all very nice and would seem like a lock to boost Apple’s share price. Now all Tim Cook has to figure out is how to make the big investors have some faith in the company like Jeff Bezos has done with Amazon. Record quarterly earnings is not going to boost the share price like Netflix, Google or Amazon received. Odds are Apple’s P/E is going to compress yet again. Google’s P/E went from 29 to 34 in a single day which is absolutely freaking amazing. Google is laughing at Apple as record iPhone sales don’t put a dent in Android smartphone market share.

    1. The problem is all that Android market share is a mishmash that does very little proportionally for Google and of course they make no money directly from the Android OS nor Android phone sales. Add in the intense fragmentation and malware and lack of ability to be highly consistent (as Apple is) over the platform spells more disenchanted Android switchers to iPhone in a steady migration.

    2. Stocks are about their story and not about the technicals. Apples’ story is that they strive for excellence in everything they do to delight their customers. The market doesn’t believe that there is money to be made without cutting corners and lowering the standards. The market doesn’t believe that Apple can continue to put out hit after hit. In their own pitiful lives, most people have failure after failure and can’t imagine this continual striving for excellence so they discount AAPL and continually try to pull it down to their level. Apple has a credibility gap that they need to bridge somehow. Apple CAN be that good all the time when others cannot.

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