AppleInsider StaffApple CEO Tim Cook on Tuesday revealed the company's wearables business — AirPods, Apple Watch and Beats — is now the size of a Fortune 500 company, while services revenue is on the verge of breaking into Fortune 100 territory. AppleInsider takes a closer look at the comparisons.
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William Gallagher
Andrew Orr
Marko Zivkovic
Christine McKee
Malcolm Owen
Amber Neely
8 Comments
Good to see you guys start doing videos. Good job! Keep it up.
Nice framing of the numbers. I've gotten so used to hearing numbers like this ($28.8 billion) that it doesn't even impress me all that much. I just looked at the list of the most recent US States budgets on Wikipedia to find that 28.8 billion ranks Apple at 23 compared to the most recent annual budgets. And 61 for national revenue for all countries in that list. Just wow. Absurd.
The other thing that blows me away is Apple's bonds. Just immense.
"The iPhone-maker has $148 billion of its record $257 billion cash pile invested in corporate debt alone, according to a company filing from Wednesday. That’s enough to buy all the assets in the world’s largest fixed-income mutual fund, the Vanguard Total Bond Market Index Fund, which has about $145 billion of assets including company, government and mortgage bonds."
https://www.bloomberg.com/news/articles/2017-05-04/apple-buys-more-company-debt-than-the-world-s-biggest-bond-funds