Just last week, on July 24th, Apple (NASDAQ: AAPL) reported its 3Q12 numbers.
The tech giant missed the Street’s revenue and profit targets.
But it doesn’t matter, as you’ll soon see…
In addition to being the largest company in the world, Apple is quickly becoming the most efficient and productive company the world has ever seen.
You see, even though Apple grew its revenue and net profit by a smaller amount than Wall Street was expecting, it was Apple’s cash balance that shocked analysts and investors alike.
To date, Apple has $117 billion in the bank.
That’s expected to grow to $200 billion by this time next year.
With a market cap of $571 billion, Apple is the largest company in the world — by far.
Apple’s revenue for the trailing 12 months is $148 billion, with a net profit of $40 billion.
We at Wealth Daily have decided to put those staggering numbers into perspective with 11 shocking facts about Apple:
- If Apple were a nation, its GDP (annual revenue) would be ranked 58th in the world among the 227 nations that report GDP.
In fact, Apple’s GDP is more than the OPEC nations of Kuwait, Ecuador, Libya, and Iraq. Its GDP is bigger than the entire nation of New Zealand… and it’s more than the GDPs of Panama, Costa Rica, and Jordan — combined! - With its cash, Apple Computers could buy the entire American automobile industry (Ford and General Motors)… and still have over $60 billion left in the bank.
- Apple could send a check to every American in the amount of $354.00.
- More people visited an Apple store in the last quarter than attended all Major League Baseball games in 2011.
- Apple sold 26 million iPhones in the third quarter. Texas, the second largest state in the U.S. by population, has 25 million residents.
Do the math: Apple is selling 288,888 iPhones every day… 200 every minute… 3.3 every second. - Apple has 60,000 employees. With the cash it has in the bank, it could buy each of its employees 14 top-of-the-line Mercedes SL550s.
- Apple’s cash pile is more than the annual revenue of IBM.
- Apple’s annual net profit is nearly 50% higher than McDonald’s total annual sales.
- By market cap, Apple is worth more than the combined market caps of Disney, Toyota, Honda, JP Morgan, and Anheuser-Busch.
- With its cash, AAPL could buy the entire publicly-traded American airline carrier industry — U.S. Air, American Airlines, United, Southwest, JetBlue, Delta, and Alaska Air — and still be sitting on $90 billion.
- Apple could buy every single NFL, MLB, and NBA team outright… and still have $57 billion leftover to party with!
As big and successful as Apple is, you’d think it couldn’t get any better…
But you would be wrong.
Apple’s product pipeline assures it will remain as ubiquitous as Kim Kardashian’s sex life.
Based on its valuation versus current earnings growth, I estimate Apple is 50% undervalued… which means it should double from here.
But it gets better…
I’m releasing a report tomorrow on how you can take advantage of Apple’s growing business.
I’ve discovered an obscure investment that allows you to receive 4x what Apple is paying as its current dividend.
And here’s a hint: You don’t have own Apple stock to do it!
Profitably yours,
Brian Hicks
Check us out on YouTube!Brian is a founding member and President of Angel Publishing. He writes about general investment strategies for Wealth Daily and Energy & Capital. For more on Brian, take a look at his editor’s page.
