On Tuesday Apple announced its highest quarterly revenue and earnings in the history of the company.
For the quarter, Apple posted revenue of $46.33 billion and net quarterly profit of $13.06 billion, or $13.87 per diluted share, compared to revenue of $26.7 billion and net quarterly profit of $6 billion, or $6.43 per diluted share, in the year-ago quarter.
MG Siegler writing for TechCrunch broke down what Apple’s quarterly numbers mean, making the dollar amounts even more impressive.
Perhaps the most stunning item of note though, is the amount of cash Apple now has on-hand.
18 months ago the company sat on a pile of $46 billion in cash. Since then that number has more than doubled to a staggering $98 billion.
The graphic below (one of my favorite of all-time for pairing Johnny Cash and Apple) investigates what all that cash means and how it could change the world.
What do you think Apple should do with all of their cash? Share your suggestions with us in the comments below!
Created by: MBA Online
Author : Jeff Cormier – http://about.me/jffcrmr
