11 Most Profitable Companies In America in 2017

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1. Apple Inc. (NASDAQ:AAPL) – $45.69 billion

Apple Inc. (NASDAQ:AAPL) topped all American companies in net income in 2016, and it wasn’t even close. Apple raked in $45.69 billion in net income during its latest fiscal year, nearly $21 billion more than its closest competitor, JPMorgan. Amazingly, that total was actually down by $7.7 billion from a year earlier, as iPhone sales declined year-over-year during each of the final three quarters of Apple’s fiscal 2016, while the iPhone’s average selling price also declined in each quarter of its previous fiscal year. It’s estimated that Apple sold over 11 million Apple Watch units in 2016 (not to be confused with the company’s fiscal 2016, which ended September 30), which would’ve given it about a 49% share of the market. Apple Inc. (NASDAQ:AAPL) has refused to divulge specific Watch sales figures.

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That wraps up our countdown of the 11 Most Profitable Companies In America in 2017. Were there any surprises? And can anyone possibly top Apple in 2017? Let our readers know in the comments.

Disclosure: None

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