Apple hoovered up 40 percent of Silicon Valley profits last year

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Apple raked in the cash last quarter.
Breaking news: Apple makes a lot of money.
Photo: Jim Merithew/Cult of Mac

Wall Street seemingly loves to be down on Apple, but if you want some figures to remind you of what a massive profit-generating giant the company is, look no further than the latest numbers collected by SiliconValley.com.

Analyzing the stats coming out of the top 150 Bay Area tech companies for 2015, Apple not only ranked number one in every important metric, but also recorded profits of $53.7 billion in 2015 — which translates to roughly 40 percent of the entire $133 billion Silicon Valley profit pool for the year.

And that’s not all.

Apple also came in at no. 1 in terms of revenue, with a massive $234 billion in sales. Number two on the list? Alphabet with “just” $74 billion.

Just as impressive is the fact that Apple has a profit margin of 23 percent, while it additionally increased its overall bottom line by $9.3 billion compared to the previous year, and its cash pile and investment portfolio by 16 percent. Again, the closest competitor was Alphabet, which has cash reserves of $78 billion.

It’ll come as no surprise to anyone reading this that Apple is wealthy and successful as a company. Just how wealthy and successful it is is worth underlining, however — particularly in advance of tomorrow’s earnings call, which will no doubt set a few analysts off on the “Apple is doomed” path.

(For a more relatable look at what Apple’s success means, check out this awesome infographic from last week showing how much a $1,000 investment in Apple in 1996 would be worth today. And then, if you’re anything like me, you can spend the rest of the day bemoaning your poor life choices!)

Source: Silicon Valley

Via: 9to5Mac