Apple's spectacular Q3 performance from an Indian perspective - Economic Times

Apple Inc 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.

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