The iPhone is the pride and joy of Apple — and it contributes a big part to the company’s bottom line. Apple doesn’t manufacture any of the components and it doesn’t even assemble them into the final product — all of that work is outsourced, to Samsung, Foxconn, Micron, Texas Instruments, AKM Semiconductor, and others — but it does stock the phone in its many retail locations and in its online store, where it sells them to the masses, making more than $350 on average per unit.
Peter Lynch was one of the best growth investors of all time. As the Magellan Fund manager at Fidelity Investments between 1977 and 1990, he averaged a 29.2% annual return. Q1 2021 hedge fund letters, conferences and more The fund manager's investment strategy was straightforward. He wanted to find growth companies and sit on them Read More