“As the creator of some of the coolest products on the planet, Apple has always had plenty of swagger,” John Boudreau reports for The San Jose Mercury News. “Now it’s got major financial mojo as well: The maker of iPhones, iPads and Macintosh computers has elbowed Google out of first place as Silicon Valley’s most valuable company.”
“With the total value of its publicly traded stock at $224 billion, up 107 percent from a year ago, Apple now has a market capitalization greater than all but two companies in the United States, Exxon Mobil and Microsoft,” Boudreau reports. “Last year, amid the worst recession in decades, the Cupertino company recorded a 39 percent increase in profit to $9.4 billion. That was the highest profit earned by any company in the SV150, according to the Mercury News’ annual report on Silicon Valley’s largest publicly traded companies.”
“Apple’s revenue surged 20 percent to $46.7 billion, returning the company to its standing as Silicon Valley’s second-largest by revenue, a ranking it hasn’t held for 23 years,” Boudreau reports. “Last year, one of every five dollars Apple took in was profit, giving it a profit margin three times that of Hewlett-Packard, the valley’s revenue leader… Last year, it leapfrogged Intel and Cisco Systems to become the second-biggest company in terms of revenue once again, driven in large part by the success of its iPhone, sales of which surged 81 percent.”
Boudreau reports, “The darkest chapter in Apple’s history began when Jobs was forced out in 1985. The company’s resurgence began with his return in 1997. At Macworld in 2001, Jobs introduced his vision of the Macintosh as the centerpiece of a digital lifestyle. And the Mac’s software became the basis for the iPod digital music player, the iPhone and now the company’s latest creation, the iPad tablet.”
Full article here.
MacDailyNews Take: It must have absolutely killed Steve Jobs to be out of Apple, knowing what was possible, as various nincompoops floundered around. We wonder if he ever let himself even imagine a triumphant return and how he felt when it began to seem like it was possible and then actually happened! We’ll have to wait for the authorized biography to find out, we guess. That’ll be one book we’ll have the minute it’s released, that’s for sure!
[Thanks to MacDailyNews Reader “Dow C.” for the heads up.]