January 28th, 2015
Apple isn’t breaking a sweat over slipping iPad sales: iPhone sales are making up the difference.
In fact, it sold 74.5 million iPhones in the past quarter, some 12 million more than predicted. And that helped generate the largest profit in Apple corporate history: $18 billion on revenues of $74.6 billion.
Apple’s cash pile is now $178 billion, which means that if it was in the right frame of mind, it could buy IBM … although IBM actually isn’t all that appetizing.