Tuesday 12 April 2011

iPhone Rising

"Five years ago the iPhone didn't exist but it now accounts for over 50 percent of Apple's revenue. I recently read that if you consider the iPhone business as a standalone business it would be in the top 10 most valuable businesses in the world."

On the other hand, in the 1960s, General Motors had even more spectacular statistics.  At that time, if regarded as a standalone economy it would have been third in the world.  More recently, it had to be bailed out of bankruptcy by the US taxpayer.

Not predicting anything here.

Anyway, more like the first paragraph at:

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