Investing in the Apple Economy
Forget the U.S. economy or even the U.S. stock market for the moment. Apple (AAPL), which is approaching a nearly $700 billion market cap and climbing, has created its own economy, and it boggles the mind.
Yesterday I was asked a trivia question about how much money was spent on repair work for the iPhone since it was launched in 2007. The answer: $5.9 billion. That's over $1 billion a year that consumers are spending on repairs of single device. The vast majority of U.S. corporations aren't even close to generating $1 billion in annual revenue....483 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.