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.
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