MBA1327 Why Apple Is Still The Most Profitable Company In the World + Free Ride Friday!

The $100 MBA Show

Omar Zenhom

Careers, Entrepreneurship, Business, Marketing

4.9 • 1.2K Ratings

🗓️ 9 August 2019

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Apple does not sell the most devices. Apple does not bring in the most revenue. Apple does not dominate the market. But Apple makes more money than literally every other company. Today, we discuss how, and what it can mean for you. Your business isn’t the size of Apple’s, but the profit strategy Apple uses can work just as well at any scale. It’s about putting profit first, and making sure the margins reflect a strategy that means every dime you spend is returned to the maximum.

Transcript

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0:00.0	Hey everybody today is free ride Friday so make sure you hang on to the end of the
0:03.4	episode to hear who won this week's free ride
0:06.3	every Friday we give a lifetime membership to easy course our course on how to build
0:10.4	your own online course in 30 days over at easycourse.co. It retails for
0:15.2	five hundred dollars but somebody's gonna win it for free this Friday and every
0:18.7	Friday all you gotta do is leave us a reading and review on iTunes.
0:22.8	When you do that, you enter our weekly random draw.
0:25.5	Just listen in on Friday to see if you won.
0:27.8	It's that simple.
0:28.7	It's our way to say thanks for showing us love on iTunes.
0:31.6	All right, let's jump into today's episode.
0:33.6	Heyo! Welcome to the $100 R.M. Show! Practical Business Lessons delivered on the daily,
0:48.6	with our daily 10 minute business lessons for the real world. I'm your host, your coach, your teacher Omar
0:54.0	and home. I'm also the co-founder of the $100 MBA, a complete business
0:58.4	training and community online. And in today's lesson you will learn why Apple is still the most profitable business in the world.
1:07.0	The key word here is profitable. This is how much money they make after all their expenses.
1:13.6	Apple doesn't make the most revenue,
1:16.0	meaning how much it makes in sales,
1:18.0	but their profit margins are the largest,
1:21.0	which makes them the most profitable business in the world and the most valuable
1:26.0	business in the world. Valued at over a trillion dollars. What makes them unique? Why
1:31.9	are they more profitable than other businesses? And most importantly
	...

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