Report: Apple is Growing Like a Start-Up
12:51 pm, February 6th, 2009, Lonnie Lazar
Even after 25 years of Mac, Apple is growing like a high-tech start-up, according to Forbes magazine.
An upcoming issue of the venerable business and money magazine places Apple at #14 on its annual list of the 25 fastest growing tech companies of the past year, which is quite a feat for a company as large as the Cupterino computer maker.
To make the list, companies must have latest 12-month revenues of $25 million or more, annualized sales gains of at least 10% over the past five years and a profit over the past 12 months. In addition, a company must have a long-term consensus profit-growth forecast of at least 10%, annualized.
Surprizingly, this is the first time Apple has made the list since Forbes began publishing it in 2003, but even more remarkably, many of the other companies on it are tiny in comparison to the House that Jobs built.
With revenues of $33 billion per year, Apple is 60 times bigger than No. 1 on the list, biotech tool-maker Illumina (ILMN), and nearly 500 times bigger than No. 5, semiconductor designer Techwell. Apple has grown at an annualized rate of 40% per year over the past five years.
The only other company of Apple’s size on the list – Google, with revenues nearing $22 billion and growing at the rate of 72% a year, good enough for the #2 spot.
See the full list here.
Via Fortune
Posted by Lonnie Lazar in Apple, News | Comment on this article
