YCHART OF THE DAY: Apple’s Profit Surge Tilts Results for the Entire S&P 500
Like Jupiter compared to the other planets, Apple’s (AAPL) stunning profit growth is distorting perceptions of the overall health of corporate profit growth in the U.S., as the Wall Street Journal notes. Above we see the five top constituents in the S&P 500, which includes Exxon (XOM), International Business Machines (IBM), Microsoft (MSFT) and Chevron (CVX). The four below Apple either had modest sequential profit growth in the most recent quarter, or a decline, while Apple’s profit more than doubled to $13.1 billion sequentially.
Filed under: Economic Watch