Where have all the profits gone? Gone to Apple, every one

“Apple’s blowout December quarter was stunning enough viewed in isolation,” Steve Wildstrom writes for Tech.pinions. “But it is even more striking in comparison to the rest of the industry.”
“Apple’s revenues of $46.2 billion blew past Hewlett-Packard’s $32.3 billion to make it the industry leader by sales,” Wildstrom writes. “But the real story is profits. Apple’s net of $13.1 billion was just a hair less than the earnings of Microsoft, Intel, HP, and Dell combined.”

Wildstrom writes, “Apple’s growth and stunning profitability is obviously wonderful news for the company and its shareholders. And there are no signs that its remarkable run is over. The growth rate of the December quarter is unsustainable, but that is a reflection of the strength of one three-month period, not an indication of any weakness… For the foreseeable future, expect Apple to expand its dominance.”

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