Apple's Cash Pile Is Now $178 Billion, Enough To Buy Ibm (Ibm.n)

[aragorn]

(Reuters) - Apple Inc (AAPL.O) quarterly results smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season and a 70 percent rise in China sales, powering the company to the largest profit in corporate history.

The company sold 74.5 million iPhones in its fiscal first quarter ended Dec. 27, while many analysts had expected fewer than 70 million. Revenue rose to $74.6 billion from $57.6 billion a year earlier.

Profit of $18 billion was the biggest ever reported by a public company, worldwide, according to S&P analyst Howard Silverblatt. Apple's cash pile is now $178 billion, enough to buy IBM (IBM.N) or the equivalent to $556 for every American.

Apple Chief Executive Officer Tim Cook said the Cupertino, California-based company would release its next product, the Apple Watch, in April.

Shares rose about 5 percent to $114.90 in after-hours trade.

Daniel Morgan, senior portfolio manager at Apple-shareholder Synovus Trust Company in Atlanta, Georgia, said that the report was a good sign in a quarter where big tech companies such as IBM and Microsoft Corp (MSFT.O) have disappointed.

 

margins ante apple dhe, tim cook using his operations exp to the T. suppliers meda manchi grip plus gross margin meda no discounts

 

:3D_Smiles_38:

[sigsegv]

eppatikaina kinda gki raavalsindhe ani .. akash tablet ceo anaadu ..

[citizenofIND]

 na contribution gurinchi paper lo eminna rasara uncle

[ZuniorVentiyar]

IBM ni koni close chesi padadobbu TOM uncle ....  

[puli_keka]

200$ lo phone manufacture chesi 800$ ki ammithe enduku raavu 

[aragorn]

 na contribution gurinchi paper lo eminna rasara uncle

 

yeah mention cheseru. overall ga enthamandi konaru ani veseru

 

how many apples konavu uncle epudu daka,

[Spartan]

[aragorn]

200$ lo phone manufacture chesi 800$ ki ammithe enduku raavu 

 

adhe kada, price no problem, royalist enthaina petutharu, kanee suppliers nee bankrupt chese rakalu apple vallu. adhe margins kunchum suppliers koda pass chesthe better kada
 

[puli_keka]

adhe kada, price no problem, royalist enthaina petutharu, kanee suppliers nee bankrupt chese rakalu apple vallu. adhe margins kunchum suppliers koda pass chesthe better kada
 

 

ruthless businessman uncle .. paisa bhi vadalaru.. maa business team ni chusa dollar theda raniyyaru 

[citizenofIND]

yeah mention cheseru. overall ga enthamandi konaru ani veseru

 

how many apples konavu uncle epudu daka,

 

almost every model
 

[athletics]

iphone 6 has a lot of upgrade potential..I am skeptical how stock holds from here because for next 2 quarters the projections are not great, eventually they will need another iphone sort to rally the stock otherwise it will sort of samsung which peaked in 2014 and now the upgrade cycles are not as before, classic example is ipad which seemed to have peaked out