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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@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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R AodeRelay shared this topic
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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 And yet, when it’s for Trump’s inauguration fund, it does speak louder than “just” 0.3% daily profit. -
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 When we eat the Rich, we save Bezos for dessert
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@Thorn I hear you. Redistribute wealth!
@mattgemmell at least a little bit... Or everyone needs to start to value artists as least as much as they value pastors and pizza delivery people.
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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 in Chile, our dictatorship in the 80s created Teleton, a TV show to gather money for disabled people (in Chile there is no public rehab intitutions). The big companies are the big heroes: giving millions while saving other million in taxes. Of course, mid-class people end paying the most part every 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.
@mattgemmell philanthropy is not a substitute for taxes.
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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.
Exactly the same when Arnault gave for Notre-Dame
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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 What do they pay in taxes?
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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 are the costs of the press release preparation included in this 1m?
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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 hope people will understand that the point of this isn't "Apple should spend more on charity" (although they should) but "this is how little Apple gives while crowing about their philanthropy"
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@mattgemmell I hope people will understand that the point of this isn't "Apple should spend more on charity" (although they should) but "this is how little Apple gives while crowing about their philanthropy"
@tankgrrl Exactly.
