Bulletins

Every part of Apple is absolutely giant now

Apple reported its earnings for last year's holiday period today, and it's safe to say a lot of people found Apple products beneath their Christmas trees. For the first time in a single quarter, Apple generated more than $110 billion in revenue, pulling in nearly $30 billion in profit.

The company's sales in China were up 57% over the same period last year — a region that's long been a struggle for Apple — and sales of every single product line it sells were up over last year. In fact, every single business unit that Apple runs is now the size of a Fortune 500 company on its own — from a single quarter's revenue.

Apple's smallest business line, sales of iPads, generated $8.44 billion this quarter alone. That would put it at no. 376 on the latest Fortune list, just behind Fidelity. And Apple's iPhone business just misses out on the Fortune 50.

Mike Murphy

Mike Murphy ( @mcwm) is the former director of special projects at Protocol, focusing on the industries being rapidly upended by technology and the companies disrupting incumbents. Previously, Mike was the technology editor at Quartz, where he frequently wrote on robotics, artificial intelligence, and consumer electronics.

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