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Apple posts record $13.06 bil quarterly net profit

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© 2012 AFP

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Manufacturing an iPhone in the United States would cost about $65 more than manufacturing it in China, where it costs an estimated $8. This additional $65 would dent the profit Apple makes on each iPhone, but it wouldn't eliminate it. (The iPhone average selling price is about $600, and Apple's average gross margin is about 40%. So Apple's gross profit on each iPhone is probably in the neighborhood of $250.)

$250 x 37 million iPhone units = 9.25 Billion US Dollars (possible) NET PROFIT just for iPhone alone.

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For further reading:

Read more: http://www.businessinsider.com/you-simply-must-read-this-article-that-explains-why-apple-makes-iphones-in-china-and-why-the-us-is-screwed-2012-1#ixzz1kQzsvNV4

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http://www.businessinsider.com/apple-child-labor-2012-1

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GO APPLE!

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$13 billion in net profit in one quarter... whew.

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RECOMMENDED READING:

Apple's Massive Numbers And Some Context

http://techcrunch.com/2012/01/24/boom-boom-boom-boom-boom-boom/

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Good Article AU! thanks

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The iPhone4 without a contract at $800 @ 32GB when it came out is not worth it (maybe for those who have disposal income). Waiting for an iPad that have retina screen resolution or higher not the almost retina screen resolution. Apple products are very expensive yet they slowly improved on their next iPhone or iPad. People are paying for the brand. Apple products appeal to the masses because of the design, easy to use, apps, and the battery life.

Apple 5th generation iPod nano was not worth the $150 @8GB. The battery life was lacking. It was a miniature size of the iTouch without the internet and apps.

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