Apple Inc. (NASDAQ:AAPL) maintains the lead over tech and IT firms as far as quarterly profits are concerned, despite the heavy competition in the IT industry.
An analysis of the quarterly revenue numbers that IT firms have been reporting reveals that Apple is miles ahead of the pack. Alphabet Inc (NASDAQ:GOOGL), Microsoft Corporation (NASDAQ:MSFT) and International Business Machines Corp. (NYSE:IBM) follow in respective order with significantly high revenue numbers. However, it is worth noting that Apple’s revenue is roughly double the revenue that the runner-up made.
Apple is doing well despite declining turnover
Apple’s turnover appears to have been declining about two years ago but that may very well be because the numbers were analyzed at a time when sales were low. The firm’s turnover is seasonal and thus the numbers have huge differences from every quarter. The quarterly profits reported this year are different from the quarterly revenue reported about two years ago as illustrated by a ZDNet analyst.
The analyst claims that turnover is one of the key factors that contribute to the difference in the quarterly revenue difference over the years among other factors. Some other factors include corporate changes, for example, the fact that HP Inc (NYSE:HPQ) now exists as two separate companies. Facebook was also identified as one of the companies that performed very well. It has experienced a lot of growth over the past few years and has aggressively secured its position at the top.
Meanwhile, Apple has secured a strong global presence in the global IT market, and a very solid lead in the handset market especially in its local market. This has been possible because the firm has been constantly improving its offerings on a regular basis to keep up with the latest trends as well as the heavy competition in the respective fields. The IT industry has been developing rapidly and Apple is constantly working towards better products for the future. This will not only allow it to be steps ahead of the competition but also retain its huge, customer base.
Apple stock closed the latest trading session at $153.67