Asymco: Apple makes more profit from Macs than top 5 PC makers combined

Horace Dediu:

If this estimate is considered then the operating profits from PC operations imply that Apple generates more profit than all the top 5 PC vendors combined.

Some assumptions here, but Dediu is right that PC manufacturing has been a low-margin market for many years, except for Apple, so it’s not surprising that there would be this much of a disparity.