Biz Break: Apple earnings are like nothing Silicon Valley has seen before - San Jose Mercury News

Raising the bar

"Apple showed off the highest quarterly profits and revenues in its history Tuesday, revealing net income of $18 billion, or $3.06 a share, on sales of $74.6 billion. That completes a calendar year in which Apple reported profits of $44.46 billion on sales of $199.8 billion, nearly producing the first annual sales total of $200 billion in Silicon Valley history. Apple's year-over-year gain of 20 percent for profits and 14.8 percent for revenues puts its sales total higher than the 2013 gross domestic product totals for all but 52 countries out of 192 measured by the World Bank."

Biz Break: Apple earnings are like nothing Silicon Valley has seen before - San Jose Mercury News