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Money Apple made more profit in 3 months than Amazon ever has

12:20  12 may  2018
12:20  12 may  2018 Source:   cnbc.com

Amazon eyed buying Waitrose last year

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In the PC era, Microsoft generated more revenue and far more profit than any hardware company, including Apple . The iPhone during Apple ’s last holiday quarter alone generated 165% more revenue than Android has ever generated for Google.

Apple is vastly more profitable than Amazon . The smartphone maker generated a .35 billion profit during its fiscal 2017 and made .8 billion in net income during the March 2018 quarter, while Amazon 's total net income since inception is about .6 billion.

One word might explain Warren Buffett's investment decisions on Apple and Amazon: profit.

Last week Buffett both lamented on not investing Amazon shares and revealed how he added massively to Berkshire Hathaway's stake in Apple.

The Oracle of Omaha's moves may be explained by his philosophy of emphasizing a company's historical financial track record versus putting credence in aggressive future forecasts from analysts.

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Apple declares biggest profits ever made by a company - amid claims the corporate behemoth isn't Similar charges made against giants like Amazon , Google and eBay Firm sold record 74.5m iPhones in the three months before Christmas £450,000. is the profit Apple will have made in the time it has taken you to read this article.

Apple made more money in THREE MONTHS from the sale of iPhones than Android has ever generated for Google. Figures released this month show Android has made billion for Google.

"I think it's fair to say, we've never looked at a [analyst] projection in connection with either a security we've bought or a business we've bought," Buffett said during a Berkshire Hathaway annual shareholder meeting in 1995, according to remarks found using CNBC's Warren Buffett Archive.

The smartphone maker generated a $48.35 billion in profit during its fiscal 2017 and made $13.8 billion in net income during the March 2018 quarter.© reuters The smartphone maker generated a $48.35 billion in profit during its fiscal 2017 and made $13.8 billion in net income during the March 2018 quarter. Apple "is an unbelievable company," Buffett told CNBC on May 3. "If you look at Apple, I think it earns almost twice as much as the second most profitable company in the United States."

The smartphone maker generated a $48.35 billion in profit during its fiscal 2017 and made $13.8 billion in net income during the March 2018 quarter.

Apple will sell video subscriptions directly via TV app

  Apple will sell video subscriptions directly via TV app The feature is coming this year, says a report.The app, which offers iPhone, iPad and Apple TV users a central place to watch videos from services like Amazon's Prime Video, Hulu and HBO Now, will begin selling subscriptions to those kinds of services directly, according to Bloomberg.

If Apple is able to make great products, management is confident that consumers will like the product and profit will follow. We have seen this model's profitability over time. Facebook and Google serve more customers than Apple , but the companies generate cash on a much smaller scale than Apple .

With an average selling price of 0 and a generously-calculated profit margin of 8 percent, HP would be making approximately on the sale of each PC, meaning " Apple makes more money from the sale of one Mac than HP does from selling seven PCs." "Numbers like these have to scare the hell

In comparison, Amazon's total net income since inception is about $9.6 billion. The number was calculated by adding up all of Amazon's annual net income figures since its inception to the company's $1.6 billion profit in the March 2018 quarter.

  Apple made more profit in 3 months than Amazon ever has © Marcio Jose Sanchez/AP Photo One Wall Street analyst believes Amazon is still in the "early stages" in many of its key markets.

"We are in the sweet spot between Amazon investment cycles where new fulfillment/data centers are driving accelerating revenue growth while incremental capacity utilization is driving margin expansion," Goldman Sachs analyst Heath Terry wrote in a note to clients last month. "We still remain in the early stages of the shift of compute to the cloud and the transition of traditional retail online and, in our opinion, the market is underestimating the long-term financial benefit of both to Amazon."

As Buffett puts less credence on aggressive future forecasts, that is why he is probably attracted to Apple's current high level of profits versus Amazon's potential.

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