Will Apple's Profits Be Investigated Next?

Q1 2011	ExxonMobil	Apple
Revenue	$114.0B	$24.7B
Earnings Before Tax	$18.94B	$7.96B
Income Taxes	$8.0B	$1.9B
Net Profit	$10.65B	$5.98B
Effective Tax Rate	42.20%	24.22%
Profit Margin	9.30%	24.27%
Profit/Employee	$127,392	$128,470


I wouldn't want to give Obama or Congress any ideas, but in the first quarter of 2011, Apple was more profitable than ExxonMobil based on both having a higher profit margin (24.27% vs. 9.30% for Exxon) and higher profits per employee ($128,470 vs. $127,392 for Exxon).  In addition, Apple's effective income tax rate was only 24.22% compared to Exxon's 42.2% rate, so it must be getting some very generous tax breaks and subsidies?

Post Title

→

Will Apple's Profits Be Investigated Next?

Post URL

→

https://manufacturing-holdings.blogspot.com/2011/05/will-apple-profits-be-investigated-next.html

Visit manufacturing-holdings for Daily Updated Wedding Dresses Collection