| 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
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