Apple Car Rumors? Ping!
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Posted on 02/17/2015 7:05:29 AM PST by Lockbox
Apple fans are already hyperventilating with excitement about how much money Apple is going to make selling cars.
So let's put some numbers around that.
What if Apple immediately builds a car business the size of, say, Porsche's? How much more money will Apple make?
Well, Apple made about $53 billion of operating profit in the fiscal year ending in September 2014, a spectacular 28% operating profit margin on revenue of $182 billion.
Porsche, meanwhile, made about $2.6 billion of operating profit, an impressive (for a carmaker) 20% operating profit margin on revenue of $14.3 billion.
So if Apple sprouts a car business the size of Porsche's, Apple's operating profit will increase by ... 5%.
Wait, only 5%!?
Read more: http://www.businessinsider.com/how-much-money-can-apple-make-from-cars-2015-2#ixzz3S0y73ygc
(Excerpt) Read more at businessinsider.com ...
All these Apple threads are by Apple's paid social media trolls out to pump the Apple stock price.
But your comment All these Apple threads are by Apple's paid social media trolls out to pump the Apple stock price is wrong. If you check I have been a member of Free Republic Since Sept 15, 2001 and do not own Apple stock. The comments are mine and I am not paid to comment by anyone.
In fact. Code Toad’s statement is text book slander.
Funny that he should open himself up to slander charges when he is guessing.
If Apple got into the car business, it would only work on 5% of the roads — at least until Microsoft bought them.
Oh boy! The ole Apple-Hater Cult Group has arrived! What a deal!
... LOL ... I guess my iPad and iPhone will only work on 5%’of the websites out there, only play 5% of the movies, I’ll only be able to reach 5% of the e-mail addresses, I can only listen to 5% of the songs on the market, I can only call 5% of the telephone numbers in existence ... :-) ...
Ummm ... when was Microsoft going to buy iPhone and iPad now? Just wondering ...
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No, that was actually Microsoft, Nokia, Sony, and HP. . . which are the companies' whose products that were being made in the factory where the majority of the suicides (which at were far lower rate than the Chinese population's suicide rate in general) occurred. Why do you Apple haters keep trotting out that long disproved LIE? In addition, DesertRhino, the workers on Apple's assembly lines at FoxConn have thousands of applicants for each opening because the pay for those jobs is at minimum seven times that of China's minimum wage for factory assembly line wages and goes up from there. . . and is at least three times that of equivalent wages on similar lines. Hardly "de facto slaves".
Apple has record profits, much of it overseas, on which it has paid tax overseas - and, surprisingly, Apple is no more excited than any other American company over the prospect of paying tax again on that same money here.In the context of the capital gains tax, Obama has made it clear that improving the US economy just isn’t what floats his boat, so the Capital Gains tax rate is above the point of diminishing returns. That means that Americans don’t elect to realize nearly as much of their capital gains as they would if the tax rate were much lower. It is a case of government greed.
Similarly, if the corporation could expense dividends the way it in fact expenses interest payments, APPL and any other similarly situated corporation would bring most of that foreign cash to its American shareholders - who would pay income tax on it like any other income, and invest or spend the rest - primarily in America.money Apple intends to suck out of the US economy by keeping the cash overseas
That money was always overseas to begin with; AAPL earned it overseas and paid taxes on it overseas. It never came out of “the US economy.” Obama demands credit for what AAPL has done, and AAPL has declined to give him that credit by infusing that money into the Treasury at confiscatory rates. And if you were in charge of an American corporation you would take the same approach if you could. Or you wouldn’t be smart enough to merit that position.
Excellent post.
Apple could easily buy a car company - the reason the market cap of many car companies is relatively low is because it’s a high cap investment/low profit business.
Now why they would want to do this is another question.
I admit I can conceive of a vehicle which would be radically different from the conventional layout and which could have significant advantages. But it’s far from clear to me that Apple could make iPhone-class profit margins from even a boffo performance in bringing such to market.
That's false. Apple Maps is still the default in iOS with Google Maps a downloadable option. Apple Maps is quite functional and accurate, and offers functions that Google Map doesn't, such as a working fly over, which they are trying to copy. I use Apple Maps at least one a week and it works great.
Just before Apple Maps came out, Google Maps sent my girlfriend and me down a road—unnecessarily off the beaten track, on the way from Sacramento to to San Andreas—which had potholes slightly larger than your average Volkswagen. That road damaged my car because the potholes were so bad and the angle of the sun made them impossible to see until you hit them. I wound up with a $1400 front end repair bill! from hitting one of the potholes on that road that Google Maps showed as a good paved road. It actually is a dead end, unpaved road, . . and did not connect where it Google Maps claimed it did. After I got Apple Maps, I put the same destination in it, and it plotted a route that was two mile shorter, NOT including that road. . . and showed that road correctly as being a dead-end, non-maintained road.
The trouble with assessing Apple’s entry into the automobile market from these slew of articles ... is that Apple isn’t saying what it’s doing there. Apple never does. SO ... we (all of us) just can’t make an assessment. Maybe when we find out what Apple intends to make, we’ll be able to say something about it.
AND ... NO ... you don’t talk like the Apple-Hating Cult Group that shows up on these threads for the sake of trolling anf disrupting! Those guys are EASILY RECOGNIZABLE ... :-) ...
Where has Apple announced they are building an automobile?! I haven’t seen it anywhere.
Now THAT'S thinking outside the box.........
I don’t think Apple is getting into building automobiles.
I do think they are after the HUD windshield and dashboard display, as well connecting devices within the cockpit.
I thought I heard a whisper about them and Mercedes, who opened their research lab in Mountain View recently.
Doh!
Just peachy...
No, they’ll come in any color you want, so long as it’s white...
Amazing. Do you really think people will believe your opinion? There was a sea change in phone functionality, design, and abilities that followed the release of the iPhone.
Just in ease of use, no phone came close to the iPhone. I had a top of the line Motorola phone. . . and was able to get the speaker phone function to operate only twice in the three years I had the damn thing. . . and both times were not accomplished in the same way! It came with a half-inch thick manual, and following the instructions in the manual did not work to get the speaker phone to work. . . and it was by no means comparable to a modern smartphone.
You obviously have never used an iPhone.
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