• Forbes, Monday, August 20, 2012 11 AM

Contributor Tim Worstall, a fellow at the Adam Smith Institute in London, comments on the news that Apple‘s iPhone has higher sales than all of Microsoft’s products combined. (In the first quarter this year, iPhone had sales of $22.7 billion; Microsoft Corporation, $17.4 billion.) "That’s not really the most remarkable thing about Apple’s recent achievements," he says. "The truly strange thing is that they’ve managed to gain this level of sales while making software style margins on selling hardware. That’s the trick that no one else is managing at all."

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