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Apple just defied a bunch of theories about business


Apple just defied a bunch of theories about business â Quartz

Stashed in: Business Facts, iPhone!, Apple, Tim Cook

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iPhones:  Apple sold 74.5 million, +57% over last year’s same quarter. iPhone revenue was $51.2 billion, +57%. That’s enough iPhones for 1% of the world population, 9.4 iPhones for every second of the past quarter. I hope to see some day a documentary movie on the supply-chain heroics leading (parts manufacturing, assembly, transportation logistics) required to achieve such numbers. But I’m not holding my breath.

Overall company revenue grew 30% to $74.6 billion, with the iPhone representing a never-before 69% of total sales. This why some now call Apple the iPhone Company.

Profit (a.k.a. net income): $18 billion. This appears to be the highest quarterly profit ever achieved by a company.

That's insanely popular. Cash position now is what, $175 billion?

And only 15% of iPhone sales were from people upgrading their iPhones:

http://www.businessinsider.com/tim-cook-majority-of-new-iphones-were-purchased-by-former-android-users-2015-1

This is the most profitable company in the history of the Universe. 

And to think that people were worried about Tim Cook as CEO. 

http://www.businessinsider.com/apples-stock-price-has-doubled-since-tim-cook-became-ceo-2015-1

Trillion dollar company watch!

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