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Tag Archives: How Apple could make a $53 billion profit this year

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Investing? See how Apple could make a $53 billion profit this year

Investing? See how Apple could make a $53 billion profit this year

In the last three months of 2014, Apple posted the biggest quarterly profit – $18 billion — in corporate history. For Apple’s fiscal year, which ends in September, the company is set to rake in $52.5 billion in earnings, according to analysts surveyed by Thomson Reuters. If Apple (AAPL, Tech30) hits that mark, it would be the largest annual profit ever generated from a company’s operations. (Fannie Mae got a giant one-time accounting benefit in 2013 ...

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