Mind-Blowing Apple Fact of the Day

Moneybox
A blog about business and economics.
Feb. 14 2012 8:21 AM

Mind-Blowing Apple Fact of the Day

GOLDEN, Colo.—A supporter uses her iPhone to record Republican presidential candidate, former Speaker of the House Newt Gingrich speaking during a campaign rally at the Marriott Denver West Feb. 6, 2012
GOLDEN, Colo.—A supporter uses her iPhone to record Republican presidential candidate, former Speaker of the House Newt Gingrich speaking during a campaign rally at the Marriott Denver West Feb. 6, 2012

Photo by Marc Piscotty/Getty Images.

Courtesy of Ajay Makan and Dan McCrum at the FT, Barclays Capital estimates that based on reporting thus far earnings growth for S&P 500 companies was 7 percent in Q4. But if you strip out Apple, that plummets to 2.9 percent.

One company, in other words, is responsible for most of the earnings growth among the large cap firms in the index.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.

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