𝙰𝚙𝚙𝚕𝚎'𝚜 𝚂𝚎𝚛𝚟𝚒𝚌𝚎𝚜 𝚂𝚒𝚍𝚎-𝙷𝚞𝚜𝚝𝚕𝚎 𝙸𝚜 𝙽𝚘𝚠 𝙰𝚗 $𝟾𝟶𝚋𝚗+ 𝙰𝚗𝚗𝚞𝚊𝚕 𝙱𝚞𝚜𝚒𝚗𝚎𝚜𝚜
When one of the most successful investors of all time says that a company is "probably the best business I know in the world", it probably means something. And Warren Buffett has been right about Apple.
Recently the tech giant produced another staggering set of results, reporting more than $123bn of revenue for a single quarter. That works out to about $1.36bn per day, $57 million an hour or about $945,000 of sales every single minute.
About 15% of that revenue came from Apple's Services division — the App Store, Apple Pay, Apple Music, Apple TV, the iCloud and more. That business has grown steadily, halting briefly during the pandemic last year, before its upward march towards ~$20bn of quarterly revenue. For some context on just how big that is, it's more than 2x what Netflix makes per quarter ($8bn), and about 15x what Twitter makes ($1.3bn).
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