Nope, salaries aren’t the issue, and it’s not the spaceship, R&D or any other operating expense. Gross margin (the top graph) is calculated before G&A expenses, including Cook’s salary. Gross margin is simply revenue less cost of goods sold 🤷♂️Oh the horror!!! Poor Apple!
Timmy only cashed in $282 million of stock, more than the combined net worth of everyone here but in one transaction
I never claimed their margin was going up; or any way in fact. Percent means nothing. They may be spending more (and exec compensation) and making more resulting in a level margin, but their profit number itself is increasing.
It also doesnt mean a proportional increase in component cost is the only reason (or even a small portion) for a price increase. That is merely an assumption.
You can have a profit margin of 20% making $100 million or 20% making $200 billion. Which is the bigger profit? I dont care what it was 10 year ago or a level margin, that isnt the point.
Apple has RECORD profits and valuation for a reason. They have the highest mobile profits while not shipping the most phones for a reason. Which 20% is more than the industry standard. Samsung's is only about 10%. So no, I dont feel bad for a faceless corporation making too much profit here.
Sure Cook gets paid a lot of money, but it’s maybe 30-40¢ per device sold. Don’t you think he’s worth it? Maybe not, but in any case that’s not why the iPhone 11 Pro is $1,000 is it? But I get it, you’re angry about Cook’s compensation.
And I’m sorry Samsung only makes 10%, but maybe in the future they will come out with products that can sell some decent quantity at the premiums they like to ask. So far they haven’t.
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