Apple Profits

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networkn

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Topic # 87106 20-Jul-2011 10:15

I don't really like Apple much and Steve Jobs much less. However they did make an impressive profit of some 7.3B this quarter. As I understand it, Steve Jobs is 68% owner of the shares, which means he pockets nearly 5B this quarter alone, but I see his net worth in 2011 according to Wikipedia is a mere 8B?

How does that work?

billgates

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Reply # 495615 20-Jul-2011 10:25

He only has 5.426 million Apple shares.

Do whatever you want to do man.

networkn

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Reply # 495617 20-Jul-2011 10:26

Which equates to what percentage of total do you know?

PenultimateHop

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Reply # 495621 20-Jul-2011 10:34

networkn: Which equates to what percentage of total do you know?

About 5.8%

PenultimateHop

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Reply # 495622 20-Jul-2011 10:36

Although Reuters shows him as having a few more shares (about 5.7M).

myopinion

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Reply # 495629 20-Jul-2011 10:51

The margin was around 40% by the looks of it, which isn't over the top by any means.

NonprayingMantis

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Reply # 495637 20-Jul-2011 11:12

networkn: I don't really like Apple much and Steve Jobs much less. However they did make an impressive profit of some 7.3B this quarter. As I understand it, Steve Jobs is 68% owner of the shares, which means he pockets nearly 5B this quarter alone, but I see his net worth in 2011 according to Wikipedia is a mere 8B?

How does that work?

he only pockets his share (whihc is much lower than 68%) if apple distribute profits to the shareholders via dividends. which they don't.

networkn

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Reply # 495638 20-Jul-2011 11:13

40% Margin? The vast Majority of apples large ticket items would be hardware. I'd say they did well.

networkn

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Reply # 495640 20-Jul-2011 11:13

nonpraying: yes but his net worth should increase regardless.

nakedmolerat

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Reply # 495641 20-Jul-2011 11:17

networkn: nonpraying: yes but his net worth should increase regardless.

but there is a huge difference between 68% and 5.8%

myopinion

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Reply # 495644 20-Jul-2011 11:20

Yep 40% gross margin is what was in the news article I read and thats pretty good. We make around that on selling hardware in our business. You then have to pay for the rest of the running costs of the company. You are lucky to make 10% on your money with that gross margin.