Apple Is The 8th Fastest-Growing Company In The World

Apple Is The 8th Fastest-Growing Company In The World

Apple’s stock price has continued to rise the last couple of weeks making it the most valuable company in the world, and debatably the most valuable company ever. Some might think that Apple can’t sustain those numbers over the long-term, but right now their prospects are looking great.

The scary thing – if you’re an Apple competitor – is that even though Apple is huge right now, it’s still growing. 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.

Apple’s 3-year average for Revenue Growth is at 52%, while their Profit Growth is at 70%. 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.

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.

Apple will announce the launch of the iPhone 5 on September 12th, which will only fuel the company further as they penetrate the Chinese market even further, and possibly jump into the television set market next year with the introduction of a rumored iTV.

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  • Steffen Jobbs

    I well remember when Steve Jobs was alive those last couple of years and Apple’s share price stagnated because although Steve Jobs was alive, his health was poor and Wall Street was so concerned about Apple’s future and uncertainty of succession. After Steve Jobs death, Wall Street is still worried about Apple’s future direction and success because Steve Jobs is no longer alive to innovate. With Apple investors, it’s a no-win situation because someone is always going to be worried about something. No matter how well Apple does, there’s always some question as to how soon Apple will collapse. I honestly don’t quite understand the reasoning for this belief that behind every great company is a company just waiting to fail. I honestly wonder what Apple would have to do to ease Wall Street’s constant worrying. Something where Wall Street could look at Apple and say the company looks secure for a long time.

  • wdowell

    I think the title needs to change. It’s preposterous! Dont tell me that smaller or non listed companies aren’t growing faster…

  • vctr

    I think the title needs to change. It’s preposterous! Dont tell me that smaller or non listed companies aren’t growing faster…

    Can’t … tell … if …. serious

  • SuperiorAutoRes

    It’s pretty amazing how big Mac has gotten or even Apple.

    http://www.shopsar.com

About the author

Buster HeinBuster Hein is Cult of Mac's Social Media Editor. Hailing from Roswell, New Mexico, but now spending his days in Phoenix, Arizona, he wastes most of his time eating burritos and reading Spanish romance novels. Twitter: @bst3r.

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