If Separated from Apple, "iPhoneCo" Would Be...

Henry Blodget, not typically a huge fan of Apple, notes some of the more incredible aspects of Apple's latest financial results report. If the iPhone portion of Apple were a separate company, for example, it alone could be the world's most profitable company:

Seriously… here's how we get there. Apple's overall profit margin is 30%. We estimate that the iPhone's profit margin is slightly higher, say 35%. The iPhone is currently generating annualized revenue of nearly $100 billion. The iPhone's annualized profit, therefore, may be as much as $35 billion a year. That's bigger than the $30 billion of profit ExxonMobil generated last year.

Incredible.

HT: Gassee.