Boeing Corporation, reported a 19 percent rise in quarterly profit, helped by booming demand for commercial aircraft with net profit rising to US$1.47 billion, in the December quarter from $1.23 billion, a year earlier as revenue increased by 3 percent to $24.47 billion.
Those are impressive numbers for a huge corporation and against a rising United States dollar that is likely to affect cost and sales, but the numbers pale in contrast to Apple’s $18 billion profit in one quarter, on sales of US$74.6 billion, based on rising iPhones sales, in the December quarter.
Boeing in its release of the full year results stated that “core earnings per share guidance for 2015 is set at between $8.20 and $8.40, while GAAP earnings per share guidance is established at between $8.10 and $8.30. Revenue guidance is between $94.5 and $96.5 billion, including commercial deliveries of between 750 and 755.”
Apple provided the following guidance for its fiscal 2015 second quarter, revenue between $52 billion and $55 billion, gross margin between 38.5 percent and 39.5 percent and operating expenses between $5.4 billion and $5.5 billion.