10 Insanely Great Facts About Apple

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It seems like Apple (NASDAQ:AAPL) isn’t just a tech company — it’s perpetual growth machine. In the latest quarter alone, the company nearly doubled its earnings and grew revenues by almost 60%.

Apple’s always a great candidate when it comes to having fun with numbers, and that certainly hasn’t changed after its second-quarter earnings report.

Here’s a few crazy facts about Apple after its Q2 earnings:

  • Apple is more profitable than Microsoft (NASDAQ:MSFT), Oracle (NASDAQ:ORCL), Google (NASDAQ:GOOG), Facebook and eBay (NASDAQ:EBAY) combined.
  • Apple grew its revenues and profits faster than Facebook.
  • Apple generated $14 billion in cash flows from operations — enough to buy Finnish tech giant Nokia (NYSE:NOK).
  • Apple sold 35.1 million iPhones — enough to give everyone a device in Shanghai, China, with 5 million to spare.
  • The iTunes Store posted $1.9 billion in revenues — well more than double the $779 million in revenues generated by recording giant Warner Music in its most recent quarter.
  • The iCloud, which launched in October, already has more than 125 million customers. Cloud storage leader Dropbox, established in 2007, has about 50 million users.
  • Apple’s stock gained about 9% Wednesday, adding about $50 billion to its market cap — roughly the worth of chemical giant DuPont (NYSE:DD).
  • At about $570 billion, Apple’s market cap is larger than the GDP of Switzerland.
  • The company’s ratio of market cap per employee is roughly $9.3 million.
  • Over the past decade, Apple’s shares are up about 4,700%.

Tom Taulli runs the InvestorPlace blog IPO Playbook, a site dedicated to the hottest news and rumors about initial public offerings. He also is the author of “The Complete M&A Handbook”, “All About Short Selling” and “All About Commodities.” Follow him on Twitter at @ttaulli or reach him via email. As of this writing, he did not own a position in any of the aforementioned securities.

Tom Taulli is the author of various books. They include Artificial Intelligence Basics and the Robotic Process Automation Handbook. His upcoming book is called Generative AI: How ChatGPT and other AI Tools Will Revolutionize Business.


Article printed from InvestorPlace Media, https://investorplace.com/2012/04/9-insanely-great-facts-about-apple-aapl/.

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