Much of the focus from Apple’s earnings call yesterday was on the fact that, while it may still be breaking its own profit records, iPhone sales are no longer growing at the rate they once were.
This quarter’s growth represented a measly 0.4 percent rise from the same time last year, but of course it still sold a record 74.8 million handsets.
Another conference. “Great.”
This one’s different, trust us. Our new event for New York is focused on quality, not quantity.
However, if you look at the bigger picture here, you can see that for its last full fiscal year, revenues for Apple’s iPhone business alone of around $154 billion mean if its handset arm was a country, it’d be the 57th richest nation on the planet.
Yes, its revenues are larger than all of the goods and services sold across 60 percent of the world’s countries, just behind oil-rich Kuwait, but ahead of Angola, Hungary and Ukraine, plus 190 others.
The entire company meanwhile, which made more than $231 billion in 2015, is placed right between Portugal and Greece when looking at their most recent GDP figures.
Just a little perspective.
➤ No Need to Fret, Apple Is Doing Fine [Wall Street Journal]