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.
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