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The Big Apple (AAPL)

Posted By Barry Ritholtz On February 15, 2012 @ 2:30 pm In Investing,Quantitative,Valuation | Comments Disabled



Apple is disproportionately impacting indices and earnings data, skewing the picture of what is actually occurring.


“While most U.S. companies have struggled to meet earnings expectations, the Cupertino, Calif.-based maker of iPads and iPhones has surpassed even the most bullish of expectations, reporting $13.1 billion in profits during the fiscal 2012 first quarter that ended Dec. 31, more than double that of a year earlier. Revenue soared 73% to $46.3 billion. Those earnings account for about 6% of the S&P 500′s fourth-quarter earnings, according to S&P Indices, making Apple the biggest earnings contributor to the S&P 500.”

I have jokingly told people recently that there are 4 asset classes: Stocks, Bonds, Commodities & Apple. This article is more evidence supporting that . . .

Apple’s Size Clouds Market [2]
WSJ, FEBRUARY 15, 2012

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URL to article: http://www.ritholtz.com/blog/2012/02/the-big-apple-aapl/

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[1] Image: http://www.ritholtz.com/blog/wp-content/uploads/2012/02/big-apple.jpg

[2] Apple’s Size Clouds Market: http://online.wsj.com/article/SB10001424052970204062704577223513581427728.html

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