Try as It Might to Diversify, Apple's Fate Is Still Mostly Tethered to the iPhone
Kudos to Apple (NASDAQ: AAPL) for making a point of being perpetually innovative. Too many companies rest on their laurels -- or aging products -- only to end up scrambling when those goods become obsolete. Not Apple, though. The world didn't know how much it needed smartwatches until Apple made them. The app store is pretty cool, too, cementing all of its hardware and customers into a robust digital ecosystem.
As it stands right now, however, Apple is still mostly a smartphone company. The iPhone accounts for roughly half of its revenue, making it more than three times bigger than even its second-biggest business.
It's not the end of the world. If your revenue is going to be narrowly focused, the world's most popular smartphone is certainly a solid focal point. It's worked out well for the company since the very first iPhone's debut back in 2007.
Source Fool.com
