Apple again dominates consumer tech sector — and the entire SV150

“One could get whiplash looking at Apple’s performance in 2013,” Patrick May reports for The San Jose Mercury News. “No major new innovation was announced. But a huge new partnership with China Mobile is expected to goose iPhone sales among that carrier’s 776 million subscribers. There were growing doubts about CEO Tim Cook’s ability to ‘channel’ Steve Jobs and his ‘insanely great’ legacy. But its jaw-dropping market cap approaching $500 billion makes Apple the most valuable company on the face of the earth.”

“Despite worries that it’s lost its mojo, Apple not only dominated the consumer technology gang of eight, making its seven rivals look like revenue pipsqueaks by comparison, but also landed for another year at the very top of the SV150 [Silicon Valley 150],” May reports. “To get an idea of Apple’s sheer heft, look where it stands among its fellow Silicon Valley firms: In the consumer tech sector’s 2013 snapshot, top-ranked Apple posted nearly $174 billion in sales and $37 billion in profits; second-place SanDisk had revenues of $6.1 billion and profits of $625 million. Apple’s sales made up about 90 percent of the entire sector’s total revenue. And thanks to Apple, consumer tech chipped in 27 percent of the total revenue generated by all 150 companies on the annual score card.”

Read more in the full article here.

MacDailyNews Take: Always nice to see the glimmer of reality when it peeks through the unending avalanche of FUD.

31 Comments

  1. Oh, some real facts shine through that make all of those market share leaders look like CRAP! Apple stands alone at the top. But wait they haven’t even released there newest product line, yet. To all the anal-ist FUD APPLE stands at the top. Business is about making money and it looks like Apple’s business is shining a lot brighter than the stupid Anal-ists!

  2. “Despite worries that it’s lost its mojo…” – reminds us of a vote of confidence for the beleagured CEO shortly before he gets the ax. Hopeful sign.

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