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I appreciated previously they were a very wealthy company but according to beeb news just, apple now have enough wealth to give everyone in the world 20$ plus have enough left over to buy morrisons sainsburys and m and s.
Do they give much to charities? Will we be seeing apple logos springing up on the Greek flag? They could certainly change a few lives that's for sure!
I know, it's a little grating to me that I have spent a lot on their stuff recently and yet they do make great things.
But blimey, that statistic Stef spouted earlier made me think, what Could you do with all that money ? and just what Should you do with it ?
And, and yet they do spend a huge amount on R&D, so eh ? where will they go now ?
Bit mad TBH.
You imply an interesting point. They should buy Greece, turn it into AppleLand. Everyone would have a job, iPad and phone at least.
Insane isn't it?
And their share prices are DOWN because they're not doing well enough?!?
I guess it shows the profit they make on stuff.
Clearly a case of charging what people are prepared to pay for it (in common with many companies).
The iphone is good, but it's not 5 times as good as, say, a £100 Android phone.
Yet despite the figures being in line with Apple's guidance (prediction), the shares dropped 10% in after hours trading, as beeeellllions weren't as high as the Wall Street analysts expected.
No doubt they'll fall again when the self-driving, electric Apple car fails to appear by Christmas.
Appleland, quite like that.
Could paint it white and call it iGreece, at least it would stem the tears of the Germans.
The iphone is good, but it's not 5 times as good as, say, a £100 Android phone.
The same could be said about bikes or pretty much anything though couldn't it? The law of diminishing returns.
The stores always seem to be packed with hundreds of people just milling about and hanging out not doing much, quite a good fit then with iGreece.
just what Should you do with it ?
pay some taxes (most of it is sashed outside the US) then return some to shareholders perhaps?
[i]But blimey, that statistic Stef spouted earlier made me think, what Could you do with all that money ? and just what Should you do with it ?[/i]
Stef might be interested in you 😉
The same could be said about bikes or pretty much anything though couldn't it? The law of diminishing returns.
Exactly my point. People don't mind paying more then they have to. That's how it is now. I'm not saying it's right or wrong, but clearly you can make a lot of money because of it.
The share price fell as they warned next quarter profits would be down (likely Watch sales have dropped off significantly after the initial buzz). Sounds like they know iPhone 6s isn't going to be more than a minor evolution either so won't have as big a surge in demand as previous releases. They'll still sell loads and make profits that most other global companies dream about.
The same could be said about bikes or pretty much anything though couldn't it? The law of diminishing returns.
but there aren't many bike companies making 18 billion in a quarter
When is a profit [i]too[/i] much.
When is a profit too much.
When it's being earned by someone else, seemingly.
Microsoft were in this position 20 years ago. If you look at their recent financial figures it doesn't look so rosy now.
Apple are a premium brand that's gone mainstream and seen as a fashion item or object of desire - fair play to them for doing so well in hard times.
Note, I'm not a hipster or Apple fanboy.
What's (to me) really striking is that a tech company with such vast reserves of cash and so much brain power at its disposal doesn't appear to have any vision whatsoever.
Elon Musk is off to colonise Mars and revolutionise electric power. Google are busily abolishing cars as we know them and creating AI that will know your thoughts before you do. Apple seem content to design new shiny rectangles and annihilate Spotify.
🙂
. Apple seem content to design new shiny rectangles and annihilate Spotify.
And designing cars.
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iGreece
Ah! Didn't know that. Shall have a look.
🙂
EDIT: [url= http://jalopnik.com/i-have-a-radical-but-possible-idea-what-the-apple-car-w-1719352935 ]speculation seems to be rife[/url]
The fall in share price is more to do with what is likely to happen in the near future but mainly because Apple is sitting on a pile of cash that it indicated it may return to share holders. It appears that it will not return some of this cash to share holders as it will have to pay tax when it repatriates the money.
I dislike the fact that Apple has decided to build a cash mountain that is so big that it doesn't know what to do with it. More concerning is the lack of tax paid. Maybe they are expecting the bubble to burst sometime soon?
The Watch may be the straw that breaks the camels back as people begin to realise that you don't need a time piece that doesn't run for a day without charging.
I bought a Samsung mobile. Sticking it to the man...
Ah! Didn't know that. Shall have a look.
Because Apple unlike Google don't talk about their future projects.
The iphone is good, but it's not 5 times as good as, say, a £100 Android phone.
Actually, if you tried to build an iPhone, it would cost you a lot more than the RRP. It's the scale of the market (the choice is largely any android phone out of 10's/100's, or an iPhone 6) that makes it possible, both in terms of being able to buy in bulk (or commission new chips entirely) and sell to a huge market at smaller profit margins.
Microsoft were in this position 20 years ago. If you look at their recent financial figures it doesn't look so rosy now.
These things are cyclical. Look at where Apple was 20 years ago when Microsoft dominated.
That cash mountain is a bit obscene though. Surprised that hoarding that much cash is not causing some sort of economic issue.
The iphone is good, but it's not 5 times as good as, say, a £100 Android phone.
True, but a £500 Android phone isn't 5 times better than a £100 Android phone either.
The stores always seem to be packed with hundreds of people just milling about and hanging out not doing much
Presumably you observed this while in the store, milling about? 😀
I often pop into them when I'm passing just to gaze at the shinys. I don't buy anything though, as everything except the key products is available much cheaper elsewhere.
iGreece..!
Genius (or Apple iGenius)
They could have Siri blasting from minarets telling them all what to do and where to go. They might get some work done then.
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Genius (or Apple iGenius)
It's just Genius. 😉
iGreek flag?
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iKow 😆
They could have Siri blasting from minarets telling them all what to do and where to go. They might get some work done then.
"Collect your free cash from German tax payers over there."
😉
I like that apple Greece flag. Looks the part!
How much tax are they paying on these profits? In which countries?
Another corporate giant working the system
big_n_daft - Member
How much tax are they paying on these profits? In which countries?Another corporate giant allowed to work the system
FIFY
Its amazing they have generated so much cash and yet they make nothing that's mission critical to running a modern economy. If Apple and their products disappeared overnight the world would continue much as normal- same goes for Facebook. Now if Microsoft or Oracle or SAP disappeared large parts of transport, banking and manufacturing and retail would stop functioning.
I'm convinced Apple is a bubble waiting to burst.
yet they make nothing that's mission critical to running a modern economy
An interesting measure of value. 😕
How many of the [url= http://www.forbes.com/global2000/list/#tab:overall ]World's Biggest Companies[/url] fall into the same "nothing that's mission critical" bucket?
Toyota, Volkswagen, Wal-Mart, Samsung, Nestle...
I think that mission critical thing might be about to change with Apple Pay..
As to their profits, can't say I'm unhappy about it, I've been a sucker for everything Apple since the day they hitched a Mac Classic up to an electronic typesetter, battled the PC World all through the Gil Amelio years watched as Silicon Glen gave them all the ideas prior to that. Anyone remember Apricot?
Its amazing they have generated so much cash and yet they make nothing that's mission critical to running a modern economy. If Apple and their products disappeared overnight the world would continue much as normal- same goes for Facebook. Now if Microsoft or Oracle or SAP disappeared large parts of transport, banking and manufacturing and retail would stop functioning.I'm convinced Apple is a bubble waiting to burst.
Hahahahahaha, nothing at all? There are millions of Apple devices doing important "mission critical" things across all of those sectors. Microsoft and Oracle and SAP do the important back-end stuff but no-one is getting devices (and intuitive apps that use that back-end stuff) into the hands of workers like Apple is.
This went up the other day, there are countless more - http://www.apple.com/business/network-rail/
I'm amazed that Apple get to take the p*ss with their cash mountain so much, it should be returned to shareholders or put to better use.
Apple to some extent are in quite an exposed position as they have very little diversification, if the iphone started tank they''d be in all kinds of problems. ipad sales are down, iwatch not looking like is is taking off, Mac sales okay but the bulk of their profit is iphone sales and the only major growth market is China.
If Win 10 actually works then Microsoft could be back in the game big time. That's a major 'If' mind.
but there aren't many bike companies making 18 billion in a quarter
No, but I am sure there are plenty of businesses making similar gross margins as Apple does – they just sell more stuff. They can't reduce margins to stop themselves from 'earning too much' because a small reduction in sales would then be catastrophic.
I would be much happier if Apple started to invest £bn's in developing their core material usage and pretty much develop a sustainable resource for their production methods.
As is I think Argentina is being supported by the raw material extraction for a lot of what Apple make (not sure about that comment but I think you get my drift here)
And yes, by buying their stuff I contribute to it all.. 😐
Just where do all those dead iPhones go?
Apple are one of the better ones IIRC, but there can never be enough fairness in trade.
Just where do all those dead iPhones go?
Ebay?