On Tuesday, Apple disclosed a quarterly report that set a new high for corporate profitability, adding ever more billions to the market value of the tech monolith. Here are the staggering numbers behind Apple’s latest results, its current size and some Canadian comparisons to put them into context.
2. Revenue over the past 12 months was $199.8-billion, which is greater than the annual gross domestic product of the Czech Republic, according to 2013 figures from the International Monetary Fund.
3. Record-high quarterly profit hit $18.0-billion, handily beating the $15.9-billion made by ExxonMobil in the second quarter of 2012, according to Standard and Poor's.
4. Apple’s quarterly net earnings were more than eight times higher than the most profitable quarter posted by Canada’s most profitable company, Royal Bank of Canada.
5. By Wednesday’s close of trading, Apple’s market capitalization rose to $671.6-billion, which is about 27 per cent of the size of the entire Toronto Stock Exchange, 33 per cent of the S&P/TSX composite index, which includes 250 of Canada’s largest companies, and 56 per cent of the S&P/TSX 60 index, according to Bloomberg data.
6. Apple is the largest company in the world by market cap, which, measured against Canada’s largest company, amounts to 7.8 RBCs.
7. The biggest technology sector company on the S&P/TSX composite index, CGI Group, has a market capitalization of 1.8 per cent of Apple’s valuation.
8. Apple’s stock opened 7.8 per cent higher following the earnings report, boosting market cap at the open by $49.5-billion, which is the equivalent of creating a company the size of BCE Inc. or Bank of Montreal.
9. Sales from China alone contributed $16.1-billion to Apple’s revenues, a figure that exceeds BlackBerry’s total sales over the past nine quarters combined.
10. Apple sold 74.5 million smartphones in the quarter, equating to 9.4 units a second, and representing a 46-per-cent increase over the prior year.
