It’s hard to truly understand Apple’s astronomical size until you put things into context. With $178 billion in cash as of last quarter, you can start easily comparing the company to the gross domestic product (GDP) of large countries.
In fact, Apple would be the world’s 55th richest country right now, according to the latest data from World Bank.
Apple was trading at $92 at the time of the 7-to-1 split, which means that its current value is up by more than 10% since the division earlier this year. According to Google Finance, Apple ended the day with a market cap of $626 billion, and $629.67 billion as per Yahoo Finance.
Eddy Cue thinks 2014 will be the best product pipeline Apple’s had in 25 years, and according to the company’s latest filings with the Securities and Exchange Commission, Cupertino is certainly pouring enough money into R&D to back him up.
Apple increased spending in research and development 36 percent year-over-year in Q3, with an extra $425 million being funneled into R&D in the last quarter alone.
If you’re shopping for a new iPhone wallet case, you’ll be hard pushed to find one as suave and as strongly-built as the Fulki Pocket for iPhone 5 and 5s. Handmade from thick, belt-grade Italian leather, it’s the kind of case that’ll still be looking good and going strong long after the iPhone you slip into it has died out.
Pocket by Fulki Category: Cases Works With: iPhone 5 & 5s Price: €85
The Fulki Pocket is designed to provide your iPhone with protection from scratches, scrapes, and bumps at almost every angle. It also has a small pocket that’ll carry your credit card or some cash, and the v-shaped cutout in its top edge will allow you to grip your iPhone with your thumb and forefinger when you’re pulling it out of the case.
The Fulki Pocket is available in tan, coffee, and cognac colors, and it’s priced at €85 ($116). It’s pretty pricey, but it’s worth it.
As you may have seen in our previous post on Apple’s fourth quarter (Q4) financial report, the Cupertino company has beat out Wall Street expectations this quarter, showing off a revenue of $37.5 billion with a hefty 7.5 billion profit to go along with it.
To help you make sense of Apple’s business this quarter, as well as some general trends of the last five years, we’ve taken it upon ourselves to put together some charts in an easy-to-read format to show you how the numbers break down, from revenue and profit margins to how many devices Apple is selling, to how much money it’s making from those sales.
Let’s take a look at some of the numbers in visual form, and see what we can take from it.
Spendee looks like the kind of finance-tracking app I might actually use: It’s dead simple, great looking and works great with cash. It even has a nice flat design that’ll be at home in iOS 7 – although that icon will have to go — it’s 100% Forstallian.
Apple’s share price has steadily been falling for some time now, and earlier this week it dipped below $400 a share for the second time this year. Meanwhile, Google’s has been on the rise. As a result, if you take away all the cash the two companies have sat in the bank and just look at their enterprise value, then Google is worth more than Apple for the first time ever.
I’m strictly a cash-only kind of guy. I like my purchases to be anonymous, I like to deprive the credit-card companies their slice of the transaction, and above all I like the feel of the greasy, germ-laden slips of paper in my fingers. 1
However, I recognize that sometimes you just don’t have any cash. Like when you’re supposed to be splitting the dinner bill and your friend ends up paying yet again because you “don’t want to split this fifty.” Well now your sorry payment-dodging days are coming to an end, my friend. Why? Square Cash.
Kids. Can’t live with them, can’t manage their allowance.
I don’t know if you have kids or not, but one of the more difficult things to keep track of, at least for me, is their allowance. Yeah, you might say, just write it down on a piece of paper or something. While that may seem to have merit, it rarely works out in my family. Let’s say my son gets $5 every two weeks for allowance. That’s a $5 bill I need to have each and every week.
Honestly? It never works out that way. So we tried using a calendar, on which I created a repeating event, set for every two weeks, figuring we could just count it up when he needed something. Well, that didn’t really work out, either. We’d be at a store, and he’d want something, and it’d be some non-multiple of five, and we’d try to remember to write it down, and so on.
Suffice it to say that I am doing a poor job at helping my kid keep track of his allowance, and an equally poor job of prepping him for real life money management.
So imagine my joy when I saw Allowance Manager for iOS, a Universal app that basically does what we need: tracks allowance on the iPhone or iPad. Win!
“We’re very proud to end a fantastic fiscal year with record September quarter results,” said Apple CEO Tim Cook in today’s fourth quarter earnings report. “We’re entering this holiday season with the best iPhone, iPad, Mac and iPod products ever, and we remain very confident in our new product pipeline.”
While Apple didn’t see a ‘blowout’ quarter this time around, things are still looking very good for the Cupertino company. Apple is still the most valuable company on earth, and its flagship products are seeing crazy growth in sales. We’ve collected all of the big numbers from today’s earnings call: