Technology leaders, Apple reached a record profit of £4.6 billion in the three months prior to the 25th June 2011. This was a 125% increase on the previous year. Apple are so shrewd that they even hold a massive £7.6 billion in reserve. The technology industry is the one which seems to be leading the way, with Google and Microsoft also doing very well this year. It seems that the more products and ideas the organisation produces, the more successful they will become. This is certainly true in the instance of Apple, who are constantly inventing new and exciting products.
Other major names with higher profitability this year include BP, Shell and Exxon Mobil. Toyota were also more successful than expected. Oil firms are seeing the benefit of the increase in oil prices, and supermarkets are also doing exceedingly well at the moment. Tesco are amongst the most successful in this field, with very profitable stores and delivery services.
It has been suggested that the reasons these companies have done so well this year is due to the quick action taken during the financial crisis of 2008/09. The organisations which took steps to reduce costs over this time, including pay freezes and staff cuts, are now in a better position than those who failed to deal with these issues. The organisations which moved into other markets in China and India, for example, are now doing better than those which remained static.
There has also been an increase in the dividend payouts given to shareholders and also, many organisations are purchasing their own shares back. The organisations which continue to develop in their market are bound to keep seeing good financial results over the oncoming years.
View the original BBC News article.