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Currency Swings Cost Apple More Money Than Google Makes In A Quarter

Currency Swings Cost Apple More Money Than Google Makes In A Quarter

Apple just reported a $4.

The company sold more than 74 million iPhones and raked in more profit in the Holiday quarter than any company has in any quarter ever.

On the company's conference call, however, $4 was how the strong US dollar was impacting, and would impact, the company's performance.

In a $4 following Apple's quarter, $4 put the impact currencies had on Apple's quarter into some broader perspective.

Thompson here is criticizing those that think Apple is "doomed" or "hanging by a thread," but its also a great look at just how big Apple is:

It's difficult to overstate just how absurd this is, but here's my best attempt: last quarter Apple's revenue was downright decimated by the strengthening U.S. dollar; currency fluctuations reduced Apple's revenue by 5% - a cool $3.73 billion dollars. That, though, is more than Google made in profit last quarter ($2.83 billion). Apple lost more money to currency fluctuations than Google makes in a quarter. And yet it's Google that is feared, and Apple that is feared for.

Just staggering figures.

To boot, Apple recorded more revenue just from iPhone sales in the Holiday quarter - $51.18 billion - than Google and Microsoft $4 over that period. Combined.

And as Business Insider's$4, Apple might just be getting started.

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