Largest Corporate Quarterly Earnings of All Time
There is exactly one company on that entire list that is not an oil and gas company. And they’re not that far from the top.
Looking at this table makes it obvious that we pay too much for our oil and gas. It takes extraordinary performance to achieve these kinds of profits in the world of gadgets, whereas oil and gas companies make as much money as Apple by default.
I don’t think we pay to much for our gadgets and iPhones though. But at least someone in the gadget value chain deserves a raise. All gadget vendors should start paying Foxconn et al. more IMO. I understand that it’s a very complex situation and that it wouldn’t solve the problems instantly for Chinese factory workers, but it would be a start. Apple could manage such a thing, but it would be harder for the competitors, considering that many of them are showing negative numbers.
