05-18-2018 12:27:15 PM -0700
05-17-2018 08:38:50 AM -0700
05-11-2018 07:34:04 AM -0700
05-09-2018 10:17:16 AM -0700
05-04-2018 02:59:17 PM -0700
It looks like you've previously blocked notifications. If you'd like to receive them, please update your browser permissions.
Desktop Notifications are  | 
Get instant alerts on your desktop.
Turn on desktop notifications?
Remind me later.

Understated Breathlessness

Back to Henry Blodget, and Apple's Q1 earnings report conference call, where we learned that the company's year-over-year revenue grew by 71%:

Companies Apple's size just don't grow 70% year over year. In fact, we would not be surprised if this were the first time in history that a company this big grew this fast (if you find another example, please let us know).

Apple is now on a revenue run-rate of more than $100 billion a year. Just as amazing, it is expecting to grow another 60%+ in the first quarter of this year. This is, in a word, staggering.

The closest thing to a downer in the report was that iPod sales shrank 7% compared to a year ago. However, when you consider that every iPhone (16.2 million sold in Q1) and every iPad (7.3 million sold in Q1) is also an iPod, I think you'll find that iPod+iTunes market penetration is just fine.