Apple CEO Tim Cook, talking to Daisuke Wakabayashi:

Last year, we grew (revenue) by $14 billion to $15 billion. Yes, those percentages are smaller compared to a year earlier and two years earlier and so forth. But that doesn’t mean that you’re not a growth company. We were in hyper-growth, or whatever is above growth. We went from $65 billion to over $100 billion to $150 billion to $170 billion. These are historic, unprecedented numbers. I don’t know any companies adding growth at that level. So when you say $14 billion to $15 billion compared to those numbers, it’s clearly smaller and a smaller percentage, but, to put it in some context, that’s like adding three Fortune 500 companies in a year. I think that’s hard to say that’s not a growth company.

This is another way to articulate the Law of Large Numbers issue that Apple faces. And it’s certainly hard to argue with.

  1. putonyourpartyhat reblogged this from parislemon
  2. scifi451 reblogged this from parislemon
  3. inthetestchamber reblogged this from parislemon
  4. micflash reblogged this from bricin
  5. maxibeee reblogged this from parislemon
  6. bricin reblogged this from parislemon and added:
    Steve Ballmer said the same thing for years, no one believed him. Will they believe Tim Cook? And does it matter as long...
  7. itguy101 reblogged this from parislemon
  8. zeb reblogged this from khuyi
  9. khuyi reblogged this from parislemon
  10. bellatorilluminare reblogged this from parislemon and added:
    That is growth for ya…
  11. politerebellion reblogged this from parislemon
  12. aanwar reblogged this from parislemon
  13. dusseldorfer reblogged this from parislemon
  14. nozze reblogged this from parislemon and added:
    stop complaining about wall street, amazon fell 10%, they had record revenue too.