Valley Nordic Episode 27: Apple

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Apple [Nasdaq: AAPL] announced its fourth quarter 2019 earnings last week. We review the FY 2019 earnings. And, we discuss what is Apple doing well to scale so fast. In FY 2019, Apple generated revenues of over $260B. Twenty years ago, Apple FY1999 revenue was $6.1B.  And, iPhone, which generates more than half of Apple's revenue today and is mainly responsible for ~47B in services revenue, did not exist until 2007.

Useful Links

1. Apple Watch: A giant leap for Apple and a small step for wearables

2. The phone we love

3. Apple 4Q2019 earnings press release