The success of Apple

The Wall Street Journal writes today about the most profitable company in history. With its 710 billion dollar valuation, Apple is now twice the size of Google, 2.5 times the size of Walmart, 4 times the size of Bank of America, 8 times the size of McDonalds, and 12 times the size of GM in market capitalization. Probably the most important reason for its success is that the Chinese are buying the iPhone.