Apple designs and creates iPod and iTunes, Mac laptop and desktop computers, the OS X operating system, and the revolutionary iPhone and iPad.
Apple Is Worth $400 Billion
A company can’t offer millions in compensation to its executives unless it has solid numbers underneath it to back that offer up, and Apple right now is living up to that principle.
The company just reported record net profits for Q4 2012 and marks the 14th consecutive quarter of profits with $13.6 billion. This performance means that Apple continues to maintain its position of being one of the elite companies in the world worth over $400 billion. This rather enviable position isn’t at all lost on the people running Apple, and CEO Tim Cook made special mention of the company’s achievement.
Said Cook in a statement, “We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs. Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline.” No doubt the release of the iPhone 5 this coming summer will add even more to the coffers, ensuring that Cook keeps much of the millions in performance tied share-options he received at the start of his engagement.
In terms of scale, Apple’s worth is enough to pay off the debts of most of the struggling Eurozone countries, or perhaps even help fund the struggling US economy. When you consider too that Apple is making all this money at time when economies the world over are shrinking, it kind of makes you wonder where the money is coming from.