Apple earnings, profits, and cash embarrass MicrosoftWhile Microsoft executives like to talk about Apple as an insignificant company with less than 5% of the worldwide market share of all PCs and servers sold, the Mac maker now has more cash than Microsoft and earns more than half of its profits and over three fourths its revenues.
For the quarter ending in September, Microsoft released revenues of $15.06 billion, net profits of $4.37 billion, and a reserve of cash, cash equivalents, and short-term investments that added up to $20.7 billion.
Apple reported $7.9 billion in revenues and $1.14 billion in net profit, but those numbers don't include most of its iPhone business, which is hidden away in subscription accounting under GAAP rules. For that reason, Apple also released its real earnings: $11.68 billion in revenue and $2.44 billion in net profits. The company also reported a cash position of $24.5 billion.
Microsoft's quarterly revenues grew by 9%, compared to Apple's non-GAAP revenue increase of 75.1% year over year.
On Topic: Investor
- UBS calls Apple 'the Shake Shack of technology,' advises investors to buy in
- Apple to reveal fiscal Q3 2015 earnings on July 21
- Buyers opting for higher capacity iPhones, likely boosting Apple profits, RBC survey finds
- Apple on pace to sell 53M iPhones in June quarter, Apple Watch demand sustaining 'healthy' levels
- Subscription music service expected to boost iPhone experience, but not Apple's profits