FYI: Apple is so big, it’s running up against the law of large numbers.”
This was taken from a New York Times article in February 2012 when the market capitalization was…$487 billion.
Another NYT article from 2014 states that “What makes Apple’s challenge particularly daunting is the law of large numbers. Its sales are so big that even another new strong product — unless it’s a gigantic hit on the order of the iPhone — won’t lead to the kind of growth to which some investors have grown accustomed.”
The law of large numbers is often invoked when describing Apple and other large companies. This idea, which was made famous by Jacob Bernoulli in the 18th century, has nothing, nothing at all, to do with the size of a company.
Regards,
Ted
https://theirrelevantinvestor.com/2018/12/05/the-law-of-large-numbers/
