Apple’s profits have set global records while lifting the stock market.
Profits for Apple are globally larger than any company in history.
Apple reports a record breaking $18 billion in profit in the last quarter. Selling 74.4 million iPhones.
Apple’s iPhone sales are larger than Google and Microsoft combined.
This means that Apple iPhones on average have sold 34 iPhones every hour, every day, for 90 days straight in the quarter.
Apple stocks make up most of the top mutual funds and perhaps some 401k’s.
Yesterday the Dow lost almost 300 points, while today Apple is bringing up the markets average.