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Apple is the Most Profitable Company in the United States

By - Source: Statista | B 40 comments

iPhone maker generated profit of $13.1 billion during 2012's fourth quarter.


Despite Apple's being replaced as the world's most valuable company after it reported Q4 2012 earnings that didn't impress investors and analysts, the company's profit margin has seen the iPhone maker being named as the most profitable company in the United States.

For the fourth quarter ending December 31, 2012, Apple reported a profit of $13.1 billion on sales of $54.5 billion. However, while its revenue increased, profit generated by the firm remained flat when compared to 2011's Q4. It sold 47.8 million iPhone units, but that was below the 50 million+ units analysts expected to be sold due to the introduction of the iPhone 5.

A chart released by statistics site Statista determined that Apple's December quarter earnings surpassed those of all other U.S. firms. Following in second was ExxonMobil (the company that replaced Apple as the most valuable firm on the planet) with $10 billion in earnings, while energy corporation Chevron settled for third with $7.2 billion. Other technology titans alongside Apple in the top 10 include Microsoft with a profit of $6.4 billion, and IBM with generated earnings of $5.8 billion.

According to Statista, only ExxonMobil and Russian energy company Gazprom have reported higher profits than Apple in the past. Either way, the chart's release comes after Apple CEO Tim Cook told employees that "the only companies that report better quarters pump oil," which he stated when responding to Apple being replaced as the world's most valuable company.

Apple is also the world's richest company. After its Q4 earnings, it confirmed that its cash pile has exceeded $137 billion. That said, it may share a larger-than-anticipated proportion of that following a lawsuit. Braeburn, a subsidiary of the company, remains the largest hedge fund on the planet. Elsewhere, during November 2012, it was revealed that Apple's yearly profits surmounted the entire PC industry.

 

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Top Comments
  • 25 Hide
    Star72 , February 10, 2013 3:30 AM
    I can't say that I'm surprised considering their prices.
  • 22 Hide
    tanjo , February 10, 2013 4:13 AM
    Apple is the Most Profiteering Company in the United States.

    Fixed!
  • 13 Hide
    bak0n , February 10, 2013 3:32 AM
    More evidence of the Apple users like my neighbor who buys every new Apple product no matter the cost, because its Apple.
Other Comments
  • -5 Hide
    supr , February 10, 2013 3:16 AM
    quality tech news
  • 25 Hide
    Star72 , February 10, 2013 3:30 AM
    I can't say that I'm surprised considering their prices.
  • 13 Hide
    bak0n , February 10, 2013 3:32 AM
    More evidence of the Apple users like my neighbor who buys every new Apple product no matter the cost, because its Apple.
  • 5 Hide
    wardoc22 , February 10, 2013 4:09 AM
    No shit?
  • 22 Hide
    tanjo , February 10, 2013 4:13 AM
    Apple is the Most Profiteering Company in the United States.

    Fixed!
  • 6 Hide
    dauntekong , February 10, 2013 5:19 AM
    In US only? So I guess world wide, it sucks @s$.
  • 4 Hide
    tobalaz , February 10, 2013 5:25 AM
    When you have iSheep willing to buy anything you release...
    When said iSheep believe bug are "features" or because "you're holding it wrong" or "that device was dated anyways, you should have bought a new one" and really buy into the BS.
    When everyone over 40 that is clinging on to trying to be "cool" and "with the times" and follow blind into the snappy commercials of youth dancing with your overpriced product while they're thinking "that could SO BE ME!!!"
    When your innovation is recycling the same design with minor improvements and patenting and trademarking things like glass display windows in the front of your store or square or rectangular objects with rounded corners...

    You can keep shoveling overpriced sh1t to the hipsters and be profitable.
  • 5 Hide
    battlecrymoderngearsolid , February 10, 2013 5:41 AM
    As much as I hate Crapple, they sure know how to hypnotize the masses... I have to thank them. Now when I go to Places it is very easy to tell the sheep from the ones that actually think.
  • 4 Hide
    reprotected , February 10, 2013 6:31 AM
    I might be a really open-minded intelligent person who does not conform to big businesses because I own a Galaxy S2 when I bought have bought an iPhone 4!!!!! In fact, we all must be special for owning anything but an iPhone!

    Honestly, what difference does it make? You're not any different than an iPhone user, you just choose an alternative, and more than likely, it's an Android, and probably a Galaxy too (if you own any different, good for you, you must be special). You probably haven't even considered the maker's business ethics when purchasing your phone. You are not more special than an iPhone owner, you just own a different phone.

    I for one don't feel special owning a Galaxy S2. It makes me look like that guy who's spoiled and would buy the most recent toy with the most features.
  • 3 Hide
    digiex , February 10, 2013 6:41 AM
    Quote:
    Apple still is the Most Profitable Company in the United States.


    For how long?
  • 5 Hide
    killerclick , February 10, 2013 6:49 AM
    And that's why Microsoft is trying to copy Apple's business model. Overpriced, locked-down hardware, fancy stores, dictatorial approach to product design and of course astonishing arrogance.

    Too bad for Microsoft they had only flops since Oct 26th.
  • 0 Hide
    leeashton , February 10, 2013 7:31 AM
    net income mean nothing, it does not mean profitable, how much did toms get paid to publish this rubish, $1000?
  • -4 Hide
    ohim , February 10, 2013 8:34 AM
    killerclickAnd that's why Microsoft is trying to copy Apple's business model. Overpriced, locked-down hardware, fancy stores, dictatorial approach to product design and of course astonishing arrogance.Too bad for Microsoft they had only flops since Oct 26th.

    Overpriced in what ? Because they don`t bound the OS to an overpriced hardware piece they have to sell it a bit pricey compared to Mac OS. The OS is expensive in lower developing countries but not in the rich ones. I don`t get it with the locked down hardware and dictatorial approach that you say, guess you still cry of Windows8`s Start screen, a change that you can`t pass because you just like to hate without even understanding why, the Start screen is much better than the Start menu, and this after using Windows 8 for a year already and not to count the other improvements that 8 brings.
  • 2 Hide
    Anonymous , February 10, 2013 9:03 AM
    For all the fickle behavior Microsoft is behaving right now, you would have thought they are in deep trouble like Blackberry. But no, they are #4 in profit, and that's with dismay sales of Windows 8. Lots of blunders they made, like launching Surface RT before Surface Pro, and indirectly tarnishes the image of Windows 8. Now it is clear that Surface Pro sells much better and users are more concerned about the software backward compatibility than an iPad like battery life in the Windows world. Microsoft needs to re-examine itself to see what strength it really has and why users choose MS operating system, and capitalize on that and slowly transit into their final vision. Microsoft and Apple are two very different companies with their own strength and flaws. Trying to simply take a shortcut and COPY what Apple is doing is not going to help them much. And also, Microsoft is really bad in managing their retail hardware supply line and really needs to employ someone who can better manage it.
  • 2 Hide
    downhill911 , February 10, 2013 9:36 AM
    Apple is the biggest outsourcing company in the US.
  • 1 Hide
    weaselman , February 10, 2013 11:09 AM
    Was that supposed to be news?

    What do ever get in return for buying an Apple product ?
    Well let`s see fixed hardware you cannot service, Cheap. And I mean cheap components inside. Anyone ever wondered why all the devices are so hard to get into for the average person.? Anyone got a clue as to exactly why they thwart your attempts to open the device maybe breaking it in the process ? Be cause you would work out you payed for a bit of Tat, other than the stylish looks of it.
    And well over the odds of what it cost to make the device paying a heavy premium in prestige and your own stupidity.


  • 1 Hide
    weaselman , February 10, 2013 11:35 AM
    I have seen plenty of people wave there I-phone devices at me, there I-Pad and I-Pods, thinking it is some sort of Status symbol or something.
    And you know what when they break, Who fixes it ?
    How and where do I get it fixed ? is often what I am asked, I smile at them.

    At that point the penny drops when I tell them. Fixed hardware and all. Be prepared to pay Apple a lot of money to fix it. Since it is closed hardware for there exact own marketing reasons. So not surprising you made 13.1 billion is it.
    Like I said what do you ever get in return for buying an Apple product ?
  • 3 Hide
    STravis , February 10, 2013 12:01 PM
    Nice to see all the haters coming out in this thread.
  • -5 Hide
    STravis , February 10, 2013 12:02 PM
    weaselmanI have seen plenty of people wave there I-phone devices at me, there I-Pad and I-Pods, thinking it is some sort of Status symbol or something.And you know what when they break, Who fixes it ?How and where do I get it fixed ? is often what I am asked, I smile at them. At that point the penny drops when I tell them. Fixed hardware and all. Be prepared to pay Apple a lot of money to fix it. Since it is closed hardware for there exact own marketing reasons. So not surprising you made 13.1 billion is it.Like I said what do you ever get in return for buying an Apple product ?


    You sir sound like you have Apple envy.
  • -2 Hide
    killerclick , February 10, 2013 12:13 PM
    ohimOverpriced in what ?


    Surface RT has inferior hardware compared to the iPad and Nexus 10, but costs as much as the iPad and $100 more than Nexus 10. That's why Microsoft sold only 750.000 in three months, even with a $400 million advertising budget (that's just for Surface RT)


    ohimI don`t get it with the locked down hardware and dictatorial approach that you say, guess you still cry of Windows8`s Start screen, a change that you can`t pass because you just like to hate without even understanding why, the Start screen is much better than the Start menu, and this after using Windows 8 for a year already and not to count the other improvements that 8 brings.


    Yeah, that's why Windows 8 has 2.2% market share after 3 months, Xmas shopping season and big upgrade discounts (since expired). That's an adoption rate lower than that of Vista and it's only going to get worse because the upgrade discounts have expired and the entire Metro ecosystem has a big question mark over it, with Surface RT being a flop, WP8 going back under 3% market share, Surface Pro being slammed by reviewers, and Microsoft ordering only 1 million to be produced.

    Cool that you like Windows 8, though. I'm sure you liked Zune as well.
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