Thanks to the iPhone, Apple is already the most valuable company in the world. Based on its market capitalization (share price multiplied by shares outstanding), Apple is worth more than $784.5 billion. The company grossed $215 billion during its latest fiscal year, which placed it ninth in the world for that category. For the second fiscal quarter of 2017, the iPhone was responsible for 63% of Apple’s revenue which shows you how important that product is to the success of the company.
What good is attracting all of this business if the company is not profitable? Apple surely doesn’t have …