10 Insanely Great Facts About Apple

The company generated enough cash to buy Nokia, for one

   

It seems like Apple (NASDAQ:AAPL) isn’t just a tech company — it’s perpetual growth machine. In the latest quarter alone, the company nearly doubled its earnings and grew revenues by almost 60%.

Apple’s always a great candidate when it comes to having fun with numbers, and that certainly hasn’t changed after its second-quarter earnings report.

Here’s a few crazy facts about Apple after its Q2 earnings:

  • Apple is more profitable than Microsoft (NASDAQ:MSFT), Oracle (NASDAQ:ORCL), Google (NASDAQ:GOOG), Facebook and eBay (NASDAQ:EBAY) combined.
  • Apple grew its revenues and profits faster than Facebook.
  • Apple generated $14 billion in cash flows from operations — enough to buy Finnish tech giant Nokia (NYSE:NOK).
  • Apple sold 35.1 million iPhones — enough to give everyone a device in Shanghai, China, with 5 million to spare.
  • The iTunes Store posted $1.9 billion in revenues — well more than double the $779 million in revenues generated by recording giant Warner Music in its most recent quarter.
  • The iCloud, which launched in October, already has more than 125 million customers. Cloud storage leader Dropbox, established in 2007, has about 50 million users.
  • Apple’s stock gained about 9% Wednesday, adding about $50 billion to its market cap — roughly the worth of chemical giant DuPont (NYSE:DD).
  • At about $570 billion, Apple’s market cap is larger than the GDP of Switzerland.
  • The company’s ratio of market cap per employee is roughly $9.3 million.
  • Over the past decade, Apple’s shares are up about 4,700%.

Tom Taulli runs the InvestorPlace blog IPO Playbook, a site dedicated to the hottest news and rumors about initial public offerings. He also is the author of “The Complete M&A Handbook”, “All About Short Selling” and “All About Commodities.” Follow him on Twitter at @ttaulli or reach him via email. As of this writing, he did not own a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, http://investorplace.com/2012/04/9-insanely-great-facts-about-apple-aapl/.

©2013 InvestorPlace Media, LLC

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