Apple made $117.8bn in total profit (not revenue, of course) over the past four quarters, which is an average of $323 million per day.
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Apple made $117.8bn in total profit (not revenue, of course) over the past four quarters, which is an average of $323 million per day. So when they loudly donate $1m to a charity or a disaster relief fund, they're giving 0.3% of their profits for that single day.
Put another way, if you had $50,000 in annual disposable income (after tax), Apple’s $1m would be like you donating 41 cents… and issuing a press release about it.
(Edited for my miscalculation in Apple’s favour.)
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Also those donations are presumably tax-exempt.
@mattgemmell Another sad wrinkle: when you "donate" through a corporation to a charity or relief fund there is no guarantee the money is paid out in a timely manner - it's not a passthrough. Often corporations put it in an account, accrue interest, and do a one-time tax write-off donation for the year.
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Apple made $117.8bn in total profit (not revenue, of course) over the past four quarters, which is an average of $323 million per day. So when they loudly donate $1m to a charity or a disaster relief fund, they're giving 0.3% of their profits for that single day.
Yup, math checks out, multiple sources, this one is the clearest (usually it’s reported quarterly)
https://www.statista.com/statistics/267728/apples-net-income-since-2005/
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Apple made $117.8bn in total profit (not revenue, of course) over the past four quarters, which is an average of $323 million per day. So when they loudly donate $1m to a charity or a disaster relief fund, they're giving 0.3% of their profits for that single day.
@mattgemmell If this amount were spent on an R&D project it likely wouldn’t even need SVP approval.
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Put another way, if you had $50,000 in annual disposable income (after tax), Apple’s $1m would be like you donating 41 cents… and issuing a press release about it.
(Edited for my miscalculation in Apple’s favour.)
@mattgemmell I think it's not 4$ but only 40 cents...
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Apple made $117.8bn in total profit (not revenue, of course) over the past four quarters, which is an average of $323 million per day. So when they loudly donate $1m to a charity or a disaster relief fund, they're giving 0.3% of their profits for that single day.
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@mattgemmell I think it's not 4$ but only 40 cents...
@tdelmas Ha, I think you’re right!
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Apple made $117.8bn in total profit (not revenue, of course) over the past four quarters, which is an average of $323 million per day. So when they loudly donate $1m to a charity or a disaster relief fund, they're giving 0.3% of their profits for that single day.
@mattgemmell Right be like the former Mrs.McKenzie Bezos and drop a billion
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Apple made $117.8bn in total profit (not revenue, of course) over the past four quarters, which is an average of $323 million per day. So when they loudly donate $1m to a charity or a disaster relief fund, they're giving 0.3% of their profits for that single day.
1.4% of Cook's annual salary with add-ons recently.
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Apple made $117.8bn in total profit (not revenue, of course) over the past four quarters, which is an average of $323 million per day. So when they loudly donate $1m to a charity or a disaster relief fund, they're giving 0.3% of their profits for that single day.
@mattgemmell that’s so much more than 0 %, right?
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@mattgemmell that’s so much more than 0 %, right?
@ewos1986 Infinitely.
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Put another way, if you had $50,000 in annual disposable income (after tax), Apple’s $1m would be like you donating 41 cents… and issuing a press release about it.
(Edited for my miscalculation in Apple’s favour.)
@mattgemmell This is the kind of simple mathematical context that the world needs more of; thanks.
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Apple made $117.8bn in total profit (not revenue, of course) over the past four quarters, which is an average of $323 million per day. So when they loudly donate $1m to a charity or a disaster relief fund, they're giving 0.3% of their profits for that single day.
You make 1- 200 dollars a day, this is yearly charity of a quarter. Or a buck.
Apple gave Trump gold bars.
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Apple made $117.8bn in total profit (not revenue, of course) over the past four quarters, which is an average of $323 million per day. So when they loudly donate $1m to a charity or a disaster relief fund, they're giving 0.3% of their profits for that single day.
@mattgemmell abd yet they are unable to fix many known issues in macOS 🥹
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Yup, math checks out, multiple sources, this one is the clearest (usually it’s reported quarterly)
https://www.statista.com/statistics/267728/apples-net-income-since-2005/
@neilk Thanks for checking!
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@mattgemmell If this amount were spent on an R&D project it likely wouldn’t even need SVP approval.
@jripley Which is good, because they’re getting hard to find.
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Apple made $117.8bn in total profit (not revenue, of course) over the past four quarters, which is an average of $323 million per day. So when they loudly donate $1m to a charity or a disaster relief fund, they're giving 0.3% of their profits for that single day.
@mattgemmell I feel like money isn't real when I see numbers like these.
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@mattgemmell I feel like money isn't real when I see numbers like these.
@Thorn I hear you. Redistribute wealth!
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Apple made $117.8bn in total profit (not revenue, of course) over the past four quarters, which is an average of $323 million per day. So when they loudly donate $1m to a charity or a disaster relief fund, they're giving 0.3% of their profits for that single day.
Lot of reposts on this! I feel like I’ve found my people, as I’m on a bit of a journey these days. #FOSS as resistance, an end to billionaires, crush fascism, redistribute wealth. Social justice and equality and privacy for all. Kindness, but mind the paradox of tolerance.
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Lot of reposts on this! I feel like I’ve found my people, as I’m on a bit of a journey these days. #FOSS as resistance, an end to billionaires, crush fascism, redistribute wealth. Social justice and equality and privacy for all. Kindness, but mind the paradox of tolerance.
@mattgemmell rock on my dude
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