In 2011, Apple Inc. became the most valuable company in the world. The same year the company lost Steve Jobs, its founder, visionary, and leader. Anyway, 2011 was all about Apple in the world. Indeed, January marked the first time the company surpassed a $300 billion market cap. Also in January, the Mac App Store opened for business, phase three of Apple’s plan to kill off the optical disc. Apple’s First Quarter earnings were the best ever for the company, with $26.7 Billion in revenue, $6 Billion in profit on 7.33 Million iPads and 16.24 Million iPhones sold. In the second quarter Apple earnings were a blow-out again with $24.67 billion in revenue on 18.65 million iPhones, 4.69 million iPads, and 3.76 million Macs sold. Apple’s quarter was so good that they actually surpassed Microsoft in terms of profitability, something which hadn’t happened in a couple decades. Apple destroyed earnings estimates once again in quarter three with record revenues, profits, iPhone (over 20 million), and iPad sales. As a result, Apple shot past $400 a share on the stock market. By late July, Apple had more cash (and cash equivalents) on its books than the U.S. government. (more…)