Federico Viticci reports for MacStories, “In its annual Top 500 list of American companies that have generated ‘the most revenue growth and cash returns,’ Barron’s outlines how Apple has jumped from the 59th position to #4 thanks to strong sales of iPhones, iPads and iPods, as well as revenue coming from the classic line of desktop and portable Macs… Apple’s 2011 is off to go a very profitable start.”
Barron’s writes: Apple, ranked No. 4 this year, has done all that to perfection. It has generated stellar sales growth and handsome profits from the iPod, iPhone and related products, and its shares have rallied 321%, to 347, since the stock market bottomed in March 2009. Yet the stock, which trades for only 12.2 times next year’s expected earnings, still isn’t richly valued. Other tech stocks, including Western Digital, Research In Motion, Broadcom and EMC, also rank among this year’s top 20.
Read more in the full article here.
Baron’s 500 (subscription required to read full article) here.
[Thanks to MacDailyNews Reader “Lava_Head_UK” for the heads up.]