Is Apple the most profitable company in the world?

The most profitable company in the world, Apple Inc. (NASDAQ: AAPL), reported in January third fiscal quarter 2015 earnings of roughly $18 billion, the highest single quarter of profits in corporate history. ... Apple is the largest company in the world based on its market cap of about $672 billion. read more

Samsung is one of three other tech companies topping the list of the world's most profitable companies. Six of the world's most profitable companies are headquartered in the United States, including global leader Apple, which reported net income of $39.5 billion in its most recent fiscal year. read more

W hen Apple became the most profitable company in history last week, analysts could hardly contain their excitement. “Stunning”, “outstanding”, “a monster” were some of the analysts’ reactions to numbers showing the Silicon Valley firm had made $18bn (£12bn) in just three months – by selling 34,000 iPhones an hour around the clock from October to December. read more

In just one year, the company’s profits rose by 35%. And though iPad sales declined in 2015, Apple reported record-breaking iPhone 6s and iPhone 6s sales last September—selling 13 million devices during its opening weekend alone. All gadgets considered, Apple reported historic profits with $53.4 billion in earnings. read more