Apple earnings, profits, and cash embarrass Microsoft

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While 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.

💬 121 Comments

robin huber

said about 14 years ago

He who laughs last laughs best.

zunx

said about 14 years ago

The day 25% of users know about the Mac, Microsoft and Windows will be history in three years.

htoelle

said about 14 years ago

There might be some at MS who may think Apple is is insignificant, But who were the ones who just spent 300 to 500 Million for ads aimed directly at Apple? That does not sound like insignificant money to me to say nothing about the effort which went into producing them. Even as lackluster as they were. Mind you it may be I, who is wrong here -- money seems to be no object for MS. There are always more people who will buy products which "Sorta Work".
All in all though just very sad.

Please --- Attention !!! Apple no Jeers no Cheers just steady as she goes. The hard work, the lean times and the stick to-it- ness. is starting to pay off. Higher standards like cream always rise to the top.

Just like milk and cream there is less cream than the less rich stuff.

Respectively submitted Thank you

monstrosity

said about 14 years ago

Thats another one for the "told you so" pile

Next milestone >Mkt Cap

htoelle

said about 14 years ago

Quote:

Originally Posted by zunx

The day 25% of users know about the Mac, Microsoft and Windows will be history in three years.

I cannot say I agree even though I would like to . There shall always be a market for second rate. There may also be a chance it will always be larger, because many will settle for second best. Respectfully submitted.

Thank you