“The scary thing – if you’re an Apple competitor – is that even though Apple is huge right now, it’s still growing,” Buster Heine reports for Cult of Mac.
“Fortune released their list of the 100 fastest-growing companies in the world today, and Apple came in at #8 while competitors like Google and Samsung didn’t even make the list,” Heine reports. “Apple’s 3-year average for Revenue Growth is at 52%, while their Profit Growth is at 70%.”
Heine reports, “Even though many investors were worried that Apple’s stock would start slipping now that Steve Jobs is gone, Apple has continued to post record-breaking quarters.””
Read more in the full article here.
The Top 10 of Fortune’s 100 Fastest Growing Companies
1. Silver Wheaton
2. Cirrus Logic
6. lululemon athletica
7. Northern Oil and Gas
9. IPG Photonics
Niamh Sweeney writes for Fortune, “Some had worried that the loss of Steve Jobs might hinder the seemingly relentless forward march of Apple. They needn’t have. Since Jobs passed away last year, Apple’s share price has risen almost 80%. In August, the iPhone maker overtook Microsoft as the largest-ever U.S. company by stock-market value. The only negative spot so far this year came when the company fell short of Wall Street’s expectations with a rare earnings miss in the third quarter due to lower-than-expected iPhone sales. That said, the 26 million iPhones sold still represented a 22% increase over the same period in 2011 – not too shabby, considering the hotly anticipated release of the iPhone 5 may have delayed purchases by some holdouts. Sales of the iPad hit a record in the last quarter, up 84% year-on-year, but the iPhone remains the undisputed king of growth at Apple.”
Full article here.
[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]