On: Amazon, Apple, and the beauty of low margins

[tdg]

Last year had an extra week. So per-week profit is higher (which is what should matter).

[gfodor → tdg]

This can't be overstated and I am loathe to admit it but I have a feeling that a large part of the panic today was the fact that it was widely reported that Apple's earnings were "flat" year over year. They weren't, they were up by about 7%, which isn't stellar but is a far cry from flat.