
Apple's Quarterly results are out now. Here is what they say.
Revenue hit $46.33 billion, with a quarterly net profit of $13.06 billion, or $13.87 per diluted share - both nearly double the figures for the same period last year. Gross margin was 44.7 percent, compared to 38.5 percent for the same quarter last year.
As everyone knows, apple makes huge profits by outsourcing most of their work to china. According to Business Insider apple makes $230 in profit on each iphone they sell.
Read following article for more.
Your iPhone Was Built, In Part, By 13 Year-Olds Working 16 Hours A Day For 70 Cents An Hour