Apple's Q3 performance from an Indian perspective

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Apple's quarterly profit is more than four times the annual profit of the Indian company with highest profits.

Apple has declared a record net profit for the quarter ended December 2014. Here's an Indian perspective of this spectacular performance.

Apple's quarterly profit is more than four times the annual profit of the Indian company with highest profits. The net profit of ONGC for 2013-14 was Rs 26,506 crore.

This is 55% more than the total net profit of Nifty companies. The 50 Nifty companies made Rs 72,125 crore during the July-Sept 2014 quarter.

This can buy the three largest Indian companies, TCS, ONGC and Reliance Industries. Their combined market capitalisation is Rs 10,86,500 crore.

All 50 Nifty companies put together made only Rs 32 crore per hour in the July-Sept 2014 quarter.



Less than half of Apple's cash reserves can wipe out India's fiscal deficit of Rs 5,31,177 crore.

If the gigantic cash pile was distributed among the estimated 1.25 billion Indians, each of us will get Rs 8,828.