Amazon determined to continue its assault on Apple or something – MacDailyNews – Welcome Home:
MacDailyNews Take: Elevating Amazon to the level of an equal with Apple is a joke. Apple could buy Amazon outright, with cash, and still have $15 billion left over. Apple’s market value is rapidly approaching 5 times that of Amazon’s. Five times. Amazon’s net income for calendar Q311 (they don’t report Q4 until tomorrow) was $63 million. Apple’s calendar Q311 net income was $6.62 billion. Apple made 105 times more than Amazon did last calendar Q3. Calendar Q4 will likely be a worse comparison for Amazon as Apple generated an astonishing net profit of $13.06 billion.
[Apple’s current size is mind boggling.]