The iPhone Is a Bigger Business Than Coca-Cola and McDonald's Combined

And Google. And Microsoft. And Home Depot.
More

Eric Chemi, head of research for Bloomberg Businessweek, pulls an amazing stat. iPhone sales in the last year exceed all revenue to Microsoft, Amazon, Comcast, or Google. The iPhone alone outsells Coca-Cola and McDonald's, perhaps the world's two most famous brands, combined.

Put differently, but no less dramatically, a product that did not exist in May 2007 is now a bigger business than 474 companies in the S&P 500.

So there you have it. Apple is "dead money" in the words of one investor, and I don't know enough about the future to tell you he's wrong. But let's pause for a moment during the funeral procession to observe that the iPhone could be the most successful branded product in the history of the world, and that's something amazing to behold, no matter what direction the company's stock is headed this afternoon.

Update: The link in the first sentence, which originally pointed to the author's email address, has been edited to direct you to the original Businessweek link.

Jump to comments
Presented by

Derek Thompson is a senior editor at The Atlantic, where he writes about economics, labor markets, and the entertainment business.

Get Today's Top Stories in Your Inbox (preview)

Adventures in Legal Weed

Colorado is now well into its first year as the first state to legalize recreational marijuana. How's it going? James Hamblin visits Aspen.


Elsewhere on the web

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

Adventures in Legal Weed

Colorado is now well into its first year as the first state to legalize recreational marijuana. How's it going? James Hamblin visits Aspen.

Video

What Makes a Story Great?

The storytellers behind House of CardsandThis American Life reflect on the creative process.

Video

Tracing Sriracha's Origin to Thailand

Ever wonder how the wildly popular hot sauce got its name? It all started in Si Racha.

Video

Where Confiscated Wildlife Ends Up

A government facility outside of Denver houses more than a million products of the illegal wildlife trade, from tigers and bears to bald eagles.

Video

Is Wine Healthy?

James Hamblin prepares to impress his date with knowledge about the health benefits of wine.

Video

The World's Largest Balloon Festival

Nine days, more than 700 balloons, and a whole lot of hot air

Writers

Up
Down

More in Business

Just In