Amazing.
Apple is outperforming the competition by such a huge margin that UBS is taking Apple out of the S&P 500 to get a more accurate picture of the tech market.
The results are striking: For all the companies in the Standard & Poor’s 500-stock index, earnings are on track to post a 6.6% year-on-year rise in the fourth quarter. Once Apple’s earnings are factored out, the expected fourth-quarter gain shrivels to just 2.8%, according to UBS.
