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Apple is the most profitable company in the world

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Here's an astonishing figure: in the most recent quarter Apple's profit of $11.6 billion was more than Google's total revenue of $10.7 billion. It's not official yet, until all the numbers are in after the close of 2012, but analysts are generally expecting Apple to rake in $45-50 billion in 2012, which would make it the most profitable company in the world, surpassing Exxon-Mobile, which brought in $30 billion in profit in 2011. What's even more astonishing is that Apple's profit on the iPhone alone in 2012 is expected to be in the range of $35 billion, which itself could surpass Exxon's profits. 

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