Apple announces I accounted for 48% of their total revenue
During yesterday’s conference call, Apple revealed that I (Dr. Macenstein) was responsible for 48% of the company’s revenues in Q4 2008. Due to Apple’s decision to report sales to me as subscription revenue over 24 months, however, these numbers are not reflected in the $1.14 billion net profit and $7.9 billion in revenue reported yesterday. If they had been included, this would represent an additional $3.8 billion in revenue and an additional $1.3 billion in net income.
This info can be heard on Apple’s Q4 – 2008 earnings conference call, after the credits. Many people left the conference call before the end credits finished, and thus missed this announcement.
What’s scary is I think you actually believe it. 😉