Apple Is Still Mostly an iPhone Company. That's Becoming a Problem.
Apple (NASDAQ: AAPL) is still slugging it out of the park. Last quarter's top line grew 21% year over year to a record-breaking level of $111.4 billion, while earnings grew 35% to $1.68 per share. Both were readily better than analyst expectations, proving this outfit is still the biggest company in the world for good reason.
Drilling into last quarter's numbers, however, a curious detail sticks out. Try as it might to grow a little less reliant on its flagship product, Apple is still first and foremost an iPhone company. The lopsided revenue mix isn't going to wreck the company, but some subtle shifts in the organization's smartphone business should be on investors' radars.
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Source Fool.com
