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Apple posts $45.6 billion in revenue, $10.2 billion in profit and announces stock split

By Shawn Knight
Apr 24, 2014
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  1. Apple on Wednesday announced financial results for its fiscal 2014 second quarter. The Cupertino-based company posted revenue of $45.6 billion with a profit of $10.2 billion, or $11.62 per share. That topped analyst expectations of $10.18 per share on $43.53 billion in revenue.

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  2. Rippleman

    Rippleman TS Guru Posts: 563   +178

    Capitalism at its finest, this is sickening how much concentrated wealth can exist in one spot.
     
  3. davislane1

    davislane1 TS Evangelist Posts: 3,561   +2,367

    I know exactly what you mean. When they announced this yesterday it got me bumped out of a short on the Dow. Rich bastards.
     
  4. Skidmarksdeluxe

    Skidmarksdeluxe TS Evangelist Posts: 6,513   +2,056

    When there are so many living in abject poverty and dying of starvation world wide through no fault of their own... it makes me sick.
     
  5. davislane1

    davislane1 TS Evangelist Posts: 3,561   +2,367

    IMO the wealth inequality angle fails to see the forest for the trees. The "sickening" aspect of poverty and starvation is not that some people and entities have significantly more wealth at their disposal than others. It's the corruption (in third-world countries) and toxic cultures (in first-world countries) that keeps people locked in these conditions that's disturbing.
     
  6. MilwaukeeMike

    MilwaukeeMike TS Evangelist Posts: 2,752   +1,107

    Yeah, right... and what do they spend it on? A huge spaceship office. It'd be better if they didn't have that money so we didn't create a few hundred jobs to build that thing. And all that money that will go to the steel workers who are making the materials for that building... we could save all that. And all the glass and all the furniture and the rest of stuff that makes up a building. It would be better if Apple didn't have any extra money.

    And what about Google! Those weirdos are spending their extra millions on solar panels for homes! It'd be much better to just burn something for energy, don't you think? Darn that evil capitalism.

    Ok, seriously... stop complaining and go invest in the stock market like every other person with a plan for financial stability. Then when a company does well you can log onto your account and see that you're now like $100 richer. Or you can complain. up to you.
     
    SNGX1275 and davislane1 like this.
  7. davislane1

    davislane1 TS Evangelist Posts: 3,561   +2,367

    The only problem with your comment is that it fails to hold water against the pop culture concept of magic money. That is to say, you're stating that the money they spend actually goes somewhere other than their own accounts...That someone other than Apple's executive team is getting paid. You can't possibly expect any reasonable person to believe that? Crazy man!
     
    cliffordcooley likes this.
  8. Jad Chaar

    Jad Chaar TS Evangelist Posts: 6,477   +965

    Their stock gained 8% today on wall street. I would call that a success.
     
  9. RustyTech

    RustyTech TS Guru Posts: 865   +434

    ...and all those manufactured goods come from....yep! you guessed it..China!!
     
  10. SNGX1275

    SNGX1275 TS Forces Special Posts: 10,714   +397

    False. But go ahead and don't let reality mess with your desire to bash Apple.

    The new Mac Pros are made in the US.
     

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