Photo: Photo by Kevork Djansezian/Getty Images
Apple’s third quarter earnings may have disappointed Wall Street, but Apple’s business is as impressive as ever.As analyst Michael Gartenberg put it on Twitter, “Only $35B in revenue and 8.8b in profit. Yes, only in the US could this be called a bad quarter but Wall St. is Wall St.”
Business Insider went through the company’s latest earnings numbers to find the most awe-inspiring facts about Apple’s business.
Facebook's current market cap is about $60 billion and LinkedIn's market cap is about $10.5 billion. Twitter is valued at around $10 billion and the most generous estimates for Pinterest value it around $7 billion. That leaves roughly another $30 billion leftover, which would be enough to buy up Dell. Or you know, it could just hold on to that extra money.
It took Apple twice as long to sell that many iPods and a third longer to sell that many iPhones, according to Tim Cook. It just shows how quickly the demand for the iPad is accelerating.
To put this number in perspective, there were about 18 million tablets shipped worldwide by all companies in 2010 and 68.7 million tablets shipped in 2011, according to data from IDC. Put that all together and it's only a couple million more than the total number of iPads Apple has shipped to date.
Apple sold 1.3 million Apple TVs last quarter, while Microsoft sold 1.1 million Xbox 360s worldwide during the same period, according to Geekwire. Not bad for a product that Apple's CEO Tim Cook referred to as a 'hobby.'
It sold 45 million iOS devices just in the last quarter.
As TheNextWeb points out, that means Apple now makes about $18.5 from app sales per device and pays out $13 to developers. Good luck competing with that, Android.
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