“Apple is the company that is best capturing revenue and profits from the mobile revolution, in our opinion,” said analysts at BGC Partners in an earnings outlook. “The company generated revenue of $36.9 billion in the last four quarters selling the iPhone, and over $11 billion of operating profits in our estimate.”
On average, analysts are looking for profit of $5.80 a share from Apple on revenue of $24.9 billion. The stock accounts for 13% of PowerShares QQQ and is the ETF’s largest holding.
PowerShares QQQ
