Damn, Apple's earnings are on fire

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It’s hard to really capture Apple’s dominance.

But here’s one way: Apple’s earnings on Tuesday were good enough to send its stock up 4 percent in after-hours trading. That’s a jump of about $37 billion in value—or how much Snapchat plus Twitter are worth combined with $10 billion left over.

Apple shares add 4.7% after hours, which translates to, ya know, $37 billion of stock-market value created$AAPL

— Nate Becker (@natebecker) August 1, 2017

This is an imperfect comparison, but it goes to show: Apple is gigantic. 

Oh, and then there’s the cash. Its now-infamous stockpile grew once again, topping out at $261 billion. That’s $261 billion just hanging around (in various forms).  Read more…

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Source: Mashable
Damn, Apple's earnings are on fire

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