Todd Bishop
The latest list released by Bloomberg shows that Apple (Apple) issued the world’s most profitable company with a net profit of US$57.2 billion, followed by Industrial and Commercial Bank of China (1398) and China Construction Bank (0939). It is $45 billion and $38 billion. In addition, the Agricultural Bank of China (1288) and Bank of China (3988) also ranked among the top ten.
In Bloomberg’s global money-making list this year, car companies and pharmaceutical companies failed to log into the TOP15 list, which is the first time in the past 8 years. Buffett (Warren Buffett) of Berkshire (Berkshire) is on this year’s list at No. 11.
On November 1, last year, Apple reported that its financial income for the fiscal year 2018 was $265.595 billion, and the net profit attributable to ordinary shareholders was $59.531 billion. Due to the different statistical intervals, compared with the $57.2 billion in the Bloomberg statistics, the net profit of Apple has declined slightly.
According to the new quarterly report released by Apple on May 1 (the second quarter financial report of FY 2019), the performance revenue continued to decline. The report showed that revenue in the second quarter was $58.015 billion, down 5% from $61.137 billion in the same period last year. The revenue in Greater China was $10.218 billion, down 21.5% year-on-year from $13.024 billion in the same period last year.
The last few weeks of the iPhone’s second quarter performed better than the first quarter of the season.
After the earnings report, Apple Chief Executive Tim Cook and Chief Financial Officer Luca Maestri attended the conference call to answer questions from analysts. Cook said that the iPhone’s performance in the last few weeks of the quarter was better than the entire quarter of the first quarter.
For the Chinese market, Cook said that Apple adjusted pricing to cope with the weakening of the exchange rate, the government also launched a stimulus plan to reduce the value-added tax from 16% to 13%, which reduces the price of the product, and the old-for-new and installment plan Also popular in China.
Apple wearable equipment sales growth is good
Luca Maestri said that Apple expects strong third-quarter results, in part because of strong growth in non-iPhone product revenues. Apple wearable products include Apple Watch, AirPods and more. Apple’s wearable, home and accessories business posted net sales of $5.129 billion in the second quarter, up 30% from $3.944 billion in the same period last year.
In the list listed in “Bloomberg”, the financial industry, especially the banking industry, has squeezed away large-scale car buyers and pharmaceutical companies, and won six seats in the top ten. Among them, the performance of the Chinese banking industry is even brighter.
The rankings show that ICBC recorded US$45 billion, ranking second, and Construction Bank ranked third with US$38 billion. In addition, the Agricultural Bank and Bank of China are also among the top ten, the Agricultural Bank of China is ranked seventh in the $31 billion, and the Bank of China is in the tenth place.
Although the statistics are different, according to the data of last year’s annual report of China’s four major banks, the total profit in 2018 is 93.52 billion yuan, close to the trillion level.
The four major banks have high profitability and ICBC ranks first
From the first quarter of this year, the profitability of the four major banks is not inferior. In the first quarter, ICBC achieved a net profit of RMB 82 billion, still ranking first. The net profit of China Construction Bank, Agricultural Bank and Bank of China in the first quarter was RMB 76.9 billion, RMB 61.3 billion and RMB 51 billion, respectively. The growth rate is over 4%.
In addition to the four major banks, the other two financial institutions listed were JPMorgan and Bank of China, with $33 billion and $29 billion, respectively, ranking sixth and eighth.
