Apple Inc. (NASDAQ:AAPL) apparently makes $10,000 every second, according to a report from WorldPay Zinc (via HUH), which created a live graph to reveal the data. Of the $10,000 Apple makes each second, it earns a profit of $2,231. Arch rival Samsung is just behind in profits with $12,952 a second, of which $1,722 is profit.
Twitter, the only company with a loss
Other companies covered in the data are Facebook Inc (NASDAQ:FB), Twitter Inc (NYSE:TWTR), Sony Corporation (NYSE:SNE) (TYO:6758), LinkedIn Corp (NYSE:LNKD), Amazon.com, Inc. (NASDAQ:AMZN), Google Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Microsoft Corporation (NASDAQ:MSFT) and Hewlett-Packard Company (NYSE:HPQ). Among all of them, Twitter is the only company that’s at a loss, having revenue of $40 per second and profit of -$39.
Apple Inc. (NASDAQ:AAPL) announced its second quarter earnings a few days back, posting earnings of $10.2 billion or $11.62 per share. The company locked in revenue of $45.6 billion, which was better than its own guidance of between $42 billion and $44 billion for the quarter. The earnings were also ahead of the consensus estimate of $10.18 per share on $43.53 billion in sales.
For the third quarter, Wall Street is expecting the Cupertino-based company to post revenue of $38.1 billion. Apple Inc. (NASDAQ:AAPL) gave revenue guidance in the range of $36 billion and $38 billion.
Analysts upbeat on Apple after earnings
Analysts are upbeat on the earnings reported by Apple Inc. (NASDAQ:AAPL). Analyst Amit Daryanani at RBC Capital said investors should buy the stock, citing the $90 billion stock buyback program running through December 2015. RBC analysts increased their price target on Apple from $590 to $625.
Apple Inc. (NASDAQ:AAPL)’s increased capital allocation continues to impress Daryanani. The program includes $90 billion in buybacks and $40 billion in quarterly dividends. Another aspect that impressed the RBC analysts was the iPhone maker’s commitment to foray into new product segments in the latter half of the year. Analysts at RBC Capital have assigned an Outperform rating to the stock
Separately, analyst Timothy Acuri from Cowen and Company has assigned a price target of $360 on Apple Inc. (NASDAQ:AAPL) stock. Positives, according to Acuri, were an increase in sales of the iPhone, which is once again growing in double-digit percentages, along with the bright outlook of the company for the June quarter. Acuri is hoping for even more profit from Apple this year and expects a larger iPhone and iPad.