“How did Apple Inc. do it? The high-tech company that couldn’t do anything right in the mid-1990s has emerged as the world’s most valuable company, with a stock-market capitalization of about $342 billion,” George Anders writes for Bloomberg.
“It’s clear that Apple’s rise to the top reflects its remarkable agility,” Anders writes. “Apple is dwarfed by Wal-Mart Stores Inc. in terms of revenue and employee headcount; it lags Exxon Mobil in annual net income. No other big company, however, comes close to Apple’s ability to conquer new markets, one after another.”
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Anders writes, “Apple won’t always be blunder-free. Every company that becomes a market-cap leader eventually cedes that honor to a newer entrant or a resurgent rival. But Apple’s advance should still be seen as a reminder of how much can be accomplished with ingenuity and conviction.”
Read more in the full article here.
[Thanks to MacDailyNews Readers “Lynn Weiler” and “Pamela” for the heads up.]