The hits just keep coming from Cupertino. Apple is breathing down the neck of cell phone giant Nokia, posting triple-digit year-over-year growth in smartphones — and climbing to the 35th spot on the Fortune 500 list of U.S. corporations.
Apple “not only continues to expand its reach in existing markets, it also keeps creating new ones,” lauds Fortune. The iPad maker not only “showed the world the power of tablet computing” but also introduced the iPad, “one of the most highly anticipated electronic products this year.” The tech giant rose more than 20 places on the vaunted list compared to 2010, when Apple ranked 56th.
Additionally, research firm IDC Thursday ranked Apple as the No. 2 smartphone maker with 114 percent year-over-year growth. The iPhone maker came within just six million units of outselling market-leader Nokia, which hemorraghed market share in the first quarter of 2011.
Apple “posted market-beating year-over-year growth and recorded triple-digit growth in two key markets: the United States, with the release of its CDMA-enabled iPhone, and Greater China,” writes IDC.
