Is Apple the new Sears?
Sears? Sears, you say? That store I never shop at?
But keep in mind, Sears was an unrivaled retail giant. Sears was so big, it was 1% of US GDP. 2/3 of Americans shopped at Sears in any 3 month period. Half of US households held a Sears credit card. The planning director at Sears once said, “Take our revenue, divide it by four, and we’re still bigger than the next guy.” The tallest building in the world was, for a time, the Sears tower.
Now, Sears is a relic.
A few days ago, Apple announced its quarterly earnings. Apple just had the biggest quarter for any tech company, ever. The world forked over $46 billion to Apple in those three months. Most of it, for the device pictured above. 37 million iPhones were sold from October 2011 to December 2011.
(on the phone is a graph of iPhone sales. this is me playing around with product type shots)