From October to December 2014, Apple earned as much as $18 billion, the biggest quarterly profit for a business in history. The company is, however, expected to be setting another record at the end of its fiscal year; Apple is predicted to declare a $53 billion profit.
In fact, if Apple hits that number, it will be the company with the largest annual profit in history. The company is already far ahead o ExxonMobil’s record annual profit of $45 billion recorded in 2008.
On Tuesday, Apple will be announcing its past-quarter earnings, with analysts expecting over $10 billion in net income, which adds up to the $32 billion earned during the past two quarters.
Many of us use Apple products in our daily lives, from iPhones to Macs. The company’s recent product, the Apple Watch, just adds to the number of Apple devices we can use every day. However, just to put things in perspective, here is how the Californian technology giant generates so much profit:
iPhone is the world’s most popular smartphone
Forget Samsung, Nokia or even the old-fashioned Blackberry: Apple takes more than 90% of global smartphone profit. During the last holiday shopping season, the company sold a record-breaking number of 74.5 million iPhones worldwide, which contributed to a 37% increase in Apple profits.
Despite the annual phone update expected by Apple in October, the iPhone still remains extremely popular. Analysts polled by FactSet estimate that the company sold 47 million phones last quarter and official figures show that the number of iPhones sold in the first three months of 2015 was 61 million.
MacBooks are apparently the best-selling laptops around
Not only did the big screen-update of the iPhone 6 (and iPhone 6 Plus) prove profitable for the company beating the Android competition, Apple portable computers also seem to be very profitable too.
Figures show that the Apple MacBooks are the only devices that saw an increase in sales in the last quarter (of 16% compared to 2014), with all major PC brands (such as HP and Dell) reporting a decline.
Last but not least: the Apple Watch
Apple’s last product is still a mystery in the profit-talk. In fact, it could prove to be a boost for the company’s earnings. However, analysts are expecting a lower-than-expected sale of Apple watch. The company is expected to sell 10.5 million watches by the end of 2015 – 500,000 less than predicted. However, before Apple’s quarterly profit announcement on Tuesday, there is no way of knowing how profitable the Watch is.
The iPad is the second best-selling product, with 19% of Apple sales, while the iPod went down to only 1,4%.
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Apple Could Make a $53 Billion Profit This Year - and Here"s Why
