“Since the start of the new millennium, Apple (AAPL) has become among the nation’s most highly valued enterprises measured by market cap, the world’s largest distributor of music, a major global retailer and the biggest mobile device maker when ranked by revenue,” Robert Paul Leitao writes for SeekingAlpha.
“Apple’s rates of growth over the past six years have been so strong, in FY 2011 revenue surpassed $100 billion,” Leitao writes. “By the end of the company’s FY 2013 in September of that year, revenue will surpass $200 billion.”
Leitao writes, “In FY 2011 Apple reported revenue growth of 66% and earnings per share growth of 82.7%. Those results foreshadow at least two more years of strong revenue and earnings growth for the company. Although the rates of quarterly revenue and earnings growth will differ each period due to the influences outlined in this article, growth over the next eight quarters will propel Apple’s annual revenue above $160 in FY 2012 and well beyond $200 billion in FY 2013. FY 2013 eps will most likely surpass $50 per share.”
Read more in the full article here.