“Apple is the most profitable company in the world,” Henry Blodget reports for The Business Insider.
“The company should generate $45-$50 billion of profit this year. That’s way more than the next-most-profitable company in the world, ExxonMobil, which generated about $30 billion of profit last year,” Blodget reports.
Blodget reports, “You knew that already. But here’s what you might not have known: Apple’s iPhone business alone is likely more profitable than any other company in the world.”