When exceptional growth is not an exception | asymco
http://www.asymco.com/2011/04/29/when-exceptional-growth-is-not-an-exception/
Apple’s last quarter’s sales growth was an impressive 83%. It was not as high as the 92% earnings rise because there was a higher mix of iPhones this quarter than in the past. The iPhone is the most profitable product in Apple’s portfolio so it impacts the gross margin significantly.
(via Instapaper)
To paraphrase a comment by davel beneath this article:
“The music player fades while the PC grows legs…”

