From mind-boggling iPhone sales to an iPad division that sold more than 54 million units in Apple's fiscal 2015 (which ended Sept. 26), despite some claims the tablet is a no-growth area, Apple's size and scale are truly impressive. In fiscal 2015, the iPhone by itself generated $155 billion in sales, more revenue than nearly all of the companies in the S&P 500, including such mega-caps as Amazon, Alphabet, Facebook, Microsoft and others.
Analysts surveyed by Thomson Reuters expect the company to earn $3.23 a share on $76.6 billion in revenue for the fiscal first quarter. Apple is slated to report earnings after the bell on Jan. 26, when it is expected to show slowing iPhone growth. Apple is expected to ship around 76 million iPhones in the fiscal first quarter, a growth rate of less than 2% year over year.
Apple is a holding in Jim Cramer's Action Alerts PLUS charitable portfolio.
"Don't trade Apple, just own it. If you don't own it yet, wait until the quarter," said TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio.
Exclusive Look Inside:
You see Jim Cramer on TV. Now, see where he invests his money and why Apple is a core holding of his multi-million dollar portfolio.
Want to be alerted before Jim Cramer buys or sells AAPL?Learn more now.
Here's an infographic showing the size and scale of some of Apple's various financial metrics, highlighting just how big it really is: