Since the early 2000's, Apple has been a leader in the consumer electronics and media sales market with the introduction of the iPod and iTunes music store. Since then, they have been a big indicator of the NASDAQ; in essence, they're a man amongst boys in the top-tier tech stocks listed on the NASDAQ. In 2013, they managed to rake in $171 billion, continuing their decade-long pattern of increasing sales and net income. This demonstrates the talent of Apple's management by increasing profits directly with their revenue.To put things into perspective, in 2011, Apple managed to out preform Microsoft ($65 billion to $62 million). Microsoft was known to be basically a monopoly for a very long time, and the fact that Apple was able to pass them in total annual revenue is a monumental accomplishment on Apples part. It seems as if Apple will only keep getting bigger, better, and stronger.
This blog site is all about money, so how's this for an interesting money fact to cap it all off; Apple has more money on hand than the United States treasury has to spend. Then again, that's not really a shocker!
It doesn't surprise me at all how much money Apple has. I think it has a lot to do with their easy to use products. I heard before that Apple tests their iPhone on first graders. If it is too difficult for the kids, they go back to the drawing board!
ReplyDeleteInteresting!
ReplyDeleteThis was a very interesting post and I am really not shocked that Apple has out performed Microsoft!
ReplyDeleteGreat article!
ReplyDeleteIt will be interesting to see how Apple does long term without Steve Jobs contributing. I recently was upset when i learned that any product you buy from the apple store is non-transferable and dies with you, including your music.
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