MG Siegler on Techcrunch:
Apple’s revenues, while massive, are nothing compared to a company like Walmart, which reported $109.5 billion in revenue last quarter. BUT that $109.5 billion only turned into $3.3 billion of actual income for the quarter. In other words, Walmart has more than double the revenues of Apple, but Apple has more than four times the profits of Walmart. That’s remarkable.
This is what I am talking about, when I say that Apple’s success is changing the way people will approach business from now on in the future. Apple is changing not just computing, technology or communication. Apple is changing capitalism in itself. How you can be successful in business. This is fascinating at it’s core.