tag:blogger.com,1999:blog-22301740.post2673410859816679116..comments2024-03-26T09:49:07.212-07:00Comments on The Scratching Post: Apple, Goldman Sachs and ExxonK T Cathttp://www.blogger.com/profile/10259428595745509790noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-22301740.post-26716491689736274172011-10-12T06:31:45.192-07:002011-10-12T06:31:45.192-07:00So the local "occupy" morons marched the...So the local "occupy" morons marched the other day. About 200 marched to the offices of TCF bank, the largest local bank. <br /><br />They were protesting the failed banking that "required" a government(Obama) bailout.<br /><br />The problem is TCF didn't need a bailout, they didn't have issues. They didn't want the government money, but it was forced on them.<br /><br />The CEO worked quickly and found out how to "pay" the government back the money he didn't want. In paying it back, almost immediately, he had to pay $3.4 million in interest, and was forced by the government to lower its dividend payments. <br /><br />Thanks for the prudent use of my tax dollars, government. <br /><br />And way to teach those corporate fatcats on the public dole a lesson there protesters.Mostly Nothinghttps://www.blogger.com/profile/07511731036581746798noreply@blogger.comtag:blogger.com,1999:blog-22301740.post-27382171156612824642011-10-10T12:14:52.165-07:002011-10-10T12:14:52.165-07:00Here we are!
It's just for "mobile device...<a href="http://smallbusiness.chron.com/net-profit-percentage-goals-business-23447.html" rel="nofollow">Here we are!</a><br />It's just for "mobile devices," but it's something....<br /><i>A comparison of the relative profit margins in mobile device manufacturers, for example, revealed that on company operations Apple had a 40 percent profit margin; Microsoft had a 38 percent profit margin; Nokia had a 4.9 percent profit margin and Dell had a 4.1 percent profit margin, as of 2010, according to Forbes magazine. Apple made a 55 percent profit margin off the sale of iPads, and has striven to keep its profit margin above 40 percent, according to Forbes. Apple commanded a 60 percent profit for the iPhone, as of 2010, according to Elmer-Dewitt.</i><br /><br />So Apple's net profit on phones was <b>EIGHT TIMES</b> that of NokiaFoxfierhttps://www.blogger.com/profile/10161683096247890834noreply@blogger.comtag:blogger.com,1999:blog-22301740.post-62879951134075046702011-10-10T12:11:54.919-07:002011-10-10T12:11:54.919-07:00Not exactly apples-- ahem-- to apples, though. (Yo...Not exactly apples-- ahem-- to apples, though. (You're right, and it's a distinction that the "evil greedy corporations" types won't make, but we aren't them....)<br /><br />Macs are luxury goods; a large part of their price is just because of the brand. Establishing a luxury brand name isn't cheap, but the profit from it goes up with sales in a way that, say, oil doesn't. I think the profit margin on the iPhone was over 50%? Can't see <i>that</i> happening with, oh, potatoes.<br /><br />I doubt there's a lot of data out there for designer handbag companies or something, though.Foxfierhttps://www.blogger.com/profile/10161683096247890834noreply@blogger.com