Quote:
Originally Posted by SteveEisenberg
Maybe I'm taking you too seriously, but:
Apple earned $10.7 billion in profits on quarterly revenue of $49.6 billion. That works out to a 22 percent profit margin.
Amazon earned $92 million in profits on quarterly revenue of $23.2 billion. That works out to a 0.4 percent profit margin.
Apple's profit margin for the quarter is thus about 55 times greater than Amazon's.
Source:
http://blogs.wsj.com/moneybeat/2015/...eauty-contest/ |
Apple's trying to show a profit. Amazon's ploughing everything back into growing the business. Hence the wonder at Amazon showing a profit.
At least Amazon isn't playing 'hide the profits' in tax havens like Apple is.