Apple’s distortion field extends to earnings, dents S&P 500 universe

“Apple Inc.’s amazing quarterly earnings, released in January, continue to distort the U.S. market,” David Berman reports for The Globe and Mail Update.

“pple showed a profit in its fiscal first quarter of $13.1-billion – well ahead of expectations and more than double the $6-billion in earnings last year,” Berman reports. “That’s a big-enough gain, and Apple is a big-enough company, to have a huge impact on the average earnings gain for companies within the S&P 500 – so big, in fact, that maybe some adjustments are in order.”

Berman reports, “Without Apple’s contribution, S&P 500 earnings have risen a mere 1.6% so far this reporting season… S&P 500 earnings – when you include Apple – has risen 3.5% during the reporting season.”

Read more in the full article here.

[Thanks to MacDailyNews Reader “Kewo62” for the heads up.]


  1. Gee sorry Apple made so much filthy lucre last year skewing the numbers. Yah think other companies might do the same and rise the U.S. economy boat even higher? It’s called leadership. Perhaps if other CEO’s would spend less time in their personal ill-gotten money vaults ala Uncle Scrooge they might actually do their companies some good?

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