“What Tim Cook and his execs pulled off [last quarter] is nothing short of amazing, as the tech giant reported record earnings and the stock on Friday came within spitting distance of a $700 billion market cap,” Jonathon M. Trugman reports for The New York Post. “In terms of its market cap, Apple really is in a class by itself. The No. 2 spot is currently held by Exxon Mobil at $375 billion. That’s quite a lead for Apple — not too many can hold first place in anything by essentially doubling the second-place finisher.”
“Apple did something no other company has ever accomplished: It made $18 billion in a single quarter. That’s up 37.4 percent from the mere $13.1 billion it made just a year ago in the same quarter,” Trugman reports. “This type of growth is off the charts, but what really sets Apple apart is it pays a dividend, usually not a sign of a growth stock, but a safe insurance company.”
“Nothing about Apple is normal. There is no way one company should be able to change the culture of a country. It helped us fit a jukebox, laptop camera and cellphone all in our pocket via a device thinner than a wallet,” Trugman reports. “So why shouldn’t Apple break the mold of value companies, too, by actually benefiting from increasing its already massive buyback and dividend?”
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