Apple Ranked Third Fastest Growing Tech Company
Apple Ranked Third Fastest Growing Tech Company
by , 9:50 AM EDT, May 26th, 2006
Business 2.0 released its 2006 ranking of the top 100 fastest growing technology companies, and Apple came in at number three. The list is based publicly traded companies that have a market capitalization of at least US$50 million, and had a positive cash flow during the past 12 months.
Apple's annual revenue growth of 35.4 percent and 123 percent stock return was enough to propel it third place behind Celgene with 52.8 percent revenue growth and 144 percent stock return, and Red Hat's 41 percent growth and 104 percent stock return.
Business 2.0 credits the introduction of the 1GB iPod nano at $199 and the Mac mini as contributors to Apple's success in 2005. In last year's list, Apple came in at 16.
Adobe Systems ranked number 91, and other familiar companies, like Dell and Microsoft, were not on the list.
Observer Comments
Sun May 28, 2006 9:23 pm Subject: "Fastest Growing," not "Biggest."
From the article: "Adobe Systems ranked number 91, and other familiar companies, like Dell and Microsoft, were not on the list."
Of course not. They're hardly growing, if at all. They're essentially treading water, sitting on a huge market share. The percentage of PCs that come with Windows installed is dropping as some manufacturers sell PCs with Linux installed. The usage of MSIE is dropping steadily. When you're on the top, it's hard to go anywhere but down. Go check Microsoft or Dell's stock vs Apple's. Sure, Apple has been sliding since about January, but Dell has been sliding for a very long time. It's price is about 40% (reading off a graph) lower than it was a year ago. Microsoft is also down, maybe 5%. Apple is UP about 55% from a year ago. On a 2-year basis, Apple is up more than 300%, while Dell and Microsoft are both negative. Given the performance of Dell, the stockholders should revolt and fire the entire board and all the executives.
"Of course not. They're hardly growing, if at all. They're essentially treading water, sitting on a huge market share."
Considering the fact that companies like Microsoft often get to where they are by buying up (and stealing from) the compitition, it is pretty hard to grow now that all the companies that you got your ideas from are gone.
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