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Money Apple made more profit in 3 months than Amazon ever has

12:20  12 may  2018
12:20  12 may  2018 Source:   cnbc.com

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One word may explain Warren Buffett's investment decisions on Apple and Amazon : profit . Last week Buffett both lamented on not investing in Amazon shares and revealed how he added massively to Berkshire Hathaway's stake in Apple .

in the last three months , Apple has made more money in profit , not revenue mind you, but actual profit , than Amazon has ever made in its entire existence. They “only” made billion in profit last year while Apple did billion. That’s amazingly impressive, particularly when you factor in how

One word might explain Warren Buffett's investment decisions on Apple and Amazon: profit.

Last week Buffett both lamented on not investing Amazon shares and revealed how he added massively to Berkshire Hathaway's stake in Apple.

The Oracle of Omaha's moves may be explained by his philosophy of emphasizing a company's historical financial track record versus putting credence in aggressive future forecasts from analysts.

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Apple has hundreds of billions of dollars in the bank, and sure, we know that Apple retail stores to make sense of 0 billion in the bank might be a challenge, but comparing Apple ’s profitability to Apple , during its recent March quarter, generated more in profits than Amazon has managed to Apple in just three months time took home more money than Amazon has managed to do over the

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"I think it's fair to say, we've never looked at a [analyst] projection in connection with either a security we've bought or a business we've bought," Buffett said during a Berkshire Hathaway annual shareholder meeting in 1995, according to remarks found using CNBC's Warren Buffett Archive.

The smartphone maker generated a $48.35 billion in profit during its fiscal 2017 and made $13.8 billion in net income during the March 2018 quarter.© reuters The smartphone maker generated a $48.35 billion in profit during its fiscal 2017 and made $13.8 billion in net income during the March 2018 quarter. Apple "is an unbelievable company," Buffett told CNBC on May 3. "If you look at Apple, I think it earns almost twice as much as the second most profitable company in the United States."

The smartphone maker generated a $48.35 billion in profit during its fiscal 2017 and made $13.8 billion in net income during the March 2018 quarter.

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In just three months , Apple was able to profit more than Amazon has made in its entire lifetime.

And yet, Amazon has given the world way more value than Apple could ever hope to in its lifetime. Maybe AWS + Kindle make up for it, but I have my doubts. If you believe in efficient markets (which I, personally, think is bunk), then AMZN's 777B market cap to APPL's 926B means the Market doesn't

In comparison, Amazon's total net income since inception is about $9.6 billion. The number was calculated by adding up all of Amazon's annual net income figures since its inception to the company's $1.6 billion profit in the March 2018 quarter.

  Apple made more profit in 3 months than Amazon ever has © Marcio Jose Sanchez/AP Photo One Wall Street analyst believes Amazon is still in the "early stages" in many of its key markets.

"We are in the sweet spot between Amazon investment cycles where new fulfillment/data centers are driving accelerating revenue growth while incremental capacity utilization is driving margin expansion," Goldman Sachs analyst Heath Terry wrote in a note to clients last month. "We still remain in the early stages of the shift of compute to the cloud and the transition of traditional retail online and, in our opinion, the market is underestimating the long-term financial benefit of both to Amazon."

As Buffett puts less credence on aggressive future forecasts, that is why he is probably attracted to Apple's current high level of profits versus Amazon's potential.

Amazon Music's app adds hands-free listening, courtesy of Alexa .
In September, Amazon announced it was adding support for Alexa voice control to its Amazon Music app for iOS and Android. That means customers can command Alexa to do things like play or pause music, move back and forth between songs, and create playlists by asking, as well as take advantage of Alexa's more innovative features around playing music by mood, activity, genre, lyrics, artist or song title.

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