Apple and the iPhone
1. Apple (+40%) vs. S&P 500 (-40%) over the last two years (see chart above).
3. Of the major companies that announced their earnings yesterday, two of them, AT&T and Apple, beat Wall Street estimates largely thanks to a single product: The iPhone. We’re approaching the two year birthday of the device, and it still remains one of the hottest items out there. Ladies and gentleman, the state of the iPhone is strong.
All told, Apple has sold 21 million iPhones since its launch. Perhaps just a drop in the bucket compared to overall Nokia sales, but remember, Apple was not in the mobile business at all before 2007. And aside from just sales figures, in the past two years, it has revolutionized the industry. That is, of course, a cliche. But in this case, it’s true.
Apple’s already has over 35,000 apps — and in a few short hours, there will have been one billion apps downloaded in just 9 months (including the one below).