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“Tim Cook and Peter Oppenheimer did a spectacular job on the call (and, admittedly, had good material to work with). If Wall Street needed a reminder that Apple has a strong hand at the tiller in Steve Jobs’ absence, they got it,” Blodget writes. “The elephant in the room, of course, was Steve’s medical leave, and not a single analyst even asked about it. Given the extent to which Apple controls information flow, one wonders if this wasn’t somehow pre-ordained (‘Ask about Steve, and we’ll never take another question from you again…’). But if ever there was a quarter that could eclipse the news of Steve’s departure, this was it.”
“The first astonishing statistic, which has not yet received enough adulation, is that Apple’s revenue grew 71% year-over-year,” Blodget writes. “Companies Apple’s size just don’t grow 70% year over year. In fact, we would not be surprised if this were the first time in history that a company this big grew this fast (if you find another example, please let us know). “
Blodget writes, “Apple is now on a revenue run-rate of more than $100 billion a year. Just as amazing, it is expecting to grow another 60%+ in the first quarter of this year. This is, in a word, staggering.”
Full article, with 15 other amazing things, here.
MacDailyNews Take: Apple is going to become scary big. Not that Apple is scary, but massive size comes with issues, not the least of which are an increasing barrage of lawsuits, claims of monopoly abuse, potential government antitrust probes, etc. It’s difficult to fathom, but the story of Apple Inc. is going to get even more unique, amazing, and interesting!
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