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Friday: No Major Economic Releases
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[image: Mortgage Rates] Note: Mortgage rates are from MortgageNewsDaily.com
and are for top tier scenarios.
Friday:
• At 10:00 AM ET, *University of Michig...
1 hour ago
4 comments:
For what it is worth, both videos crack me up. :)
I'll bet you twenty bucks I can get you gambling before the end of the day!
Such high corporate profits with such high unemployment just doesn't compute . . .
I think this:
http://research.stlouisfed.org/fred2/graph/?g=9Bb
is important to the former story.
Nor does Apple being at an all-time high in this economy make much emotional sense to me.
As a developer and general Mac aficionado I understand what they have executed well on to defend their $600B book value, but I'm shocked their profit margins are holding up in competition with the ROW.
I guess with their scale and supply chain nobody can really beat them on price any more.
In the quarter immediately before the introduction of the iPod, Apple had 800k unit sales, and a $400M R&D/SG&A burden for that to carry, $500 per box shipped.
Now their R&D & SG&A have expanded 8X -- $3.4B/qtr while selling 50M units -- $70 of overhead per box.
Troy,
One does wonder what corporate profits would be if the government wasn't running such massive unsustainable budget deficits. We will probably find out someday.
As for Apple's book value, I'm pretty sure you meant market cap.
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