Apple reported a solid quarter Thursday. I’ll tell the story with a few numbers.
12%. That’s Apple’s year-over-year quarterly revenue growth, a staggering growth rate for a company Apple’s size. Sales totaled $52.6 billion.
19%. Apple’s earnings growth outpaced its sales growth. It earned $10.7 billion. In one quarter.
$1 trillion. That’s the market capitalization that is suddenly within reach for Apple. The current market value is nearly $900 billion.
210 million. Apple has that number of subscriptions to its own apps as well as those of third-party services. This is a big business that’s growing fast.