Apple reports $21.7B Profit on $81.4B Revenue: is that good for consumers?

For the quarter, Apple posted revenue of $81.4 billion and net quarterly profit of $21.7 billion, or $1.30 per diluted share, compared to revenue of $59.7 billion and net quarterly profit of $11.25 billion, or $0.65 per diluted share, in the year-ago quarter. Apple’s top-line numbers shattered June quarter records for the company… More here.

This is of course good news for Apple and for investors, but as a consumer there has to come a point where concerns crop up about the sheer amount of money being made. Improved margins can only mean that ration of product to price favouring the manufacturer / service provider more.

Apple products are on the whole exceptional, but higher and higher profits should be concerning to most consumers.



Categories: Apple, Tech News