Dec 18, 2013 - 05:15 PM EST — AAPL: 550.77 (-4.22, -0.76%) | NASDAQ: 4070.064 (+46.384, +1.15%)
Apple’s (AAPL) new “iPhone 5s and 5c sold a record 9 million units during the first weekend after its launch,” Eric Chemi reports for Businessweek. “Consider this: The brand’s sales haul over the last four reported quarters eclipses that of such companies as Home Depot (HD), Microsoft (MSFT), Target (TGT), Goldman Sachs (GS), Amazon (AMZN), PepsiCo (PEP), Comcast (CMCSA), Dell (DELL), Google (GOOG), Pfizer (PFE), and UPS (UPS).”
“If this single product were its own company in the Standard & Poor’s 500-stock index, iPhone Inc. would outsell 474 of those companies—ranking between Wells Fargo (WFC) ($90.5 billion) and Marathon Petroleum (MPC) ($84.9 billion),” Chemi reports. “The iPhone’s $88.4 billion in annualized revenue tops 21 of the 30 component companies in the Dow Jones industrial average—it would be the ninth-biggest stock in the Dow 30.”
Read more in the full article here.
[Thanks to MacDailyNews Reader "Rainy Day" for the heads up.]