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The iPhone, the Most Valuable Commodity?

iDan

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The results of Apple last 2011 quarter are in, and all we can say it’s wow. Major wow. The company reportedly had its best quarter in history and is now able to brag about it. Yes, ever financial metric was an absolute record. You name it: cash flow per share, total revenues, operating income, earnings per share, net income, operating margin, net margin, return on assets, gross profit margin – everyone of this turned out better than expected.

Tim Cook, CEO of Apple was delighted to bring the news: “We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs. Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline.”

So for the curious, here are the official numbers. For the fourth quarter of 2011 Apple reported total revenues of $46.33 billion, net income of $17.34 billion and earnings per share of $13.87. Looking back at the previous quarter, we can safely say that total revenues increased with 63, 89%, net income with 97, 25% and earning per share 96, 74%. And if we go back even further in time and we compare to Q4 of 2010, the increase has been massive: 73, 27%, 117, 59% and 115, 71%.

So after such a mind blowing Q4 apple is all set to send its market cap to $420 billion and take over at the top of the pyramid, by dethroning Exxon Mobile the most valuable company in the world. Even thought last year, there were three contestants to the throne: Exxon, Apple and Warren Buffett’s Berkshire Hathaway. This year somehow, Berkshire is less than half the market cap of Apple. The Cupertino company should really think its strategy.

Source: TheStreet.com
 
Apple did really well, and I think they will do even more so after the next line of devices this year
 
innovators always win the day. everything "cool" in the personal computing world in the last 30 years has been invented by Apple and "copied" by others: from the windows aspect of an os to the mp3 player and pda. i never got too much into the circular arguments over the years about mac vs pc - but let's just say this. when apple was in its doldrums in the mid 90's - 9% market share - Steve Jobs comes riding back into town and says - "hey, how 'bout a blueberry and tangerine colored imac??!' - the rest, as they say, is history. from that point forward apple changed the way we all "do life" - period. they deserve every dime of their profits.
 
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