Apple is right on the heels of Exxon Mobil becoming the world’s 2nd most valuable company. New York Wall Street predicted that after smashing quarterly figures it is in line to obtain the number 1 spot very soon.
The figures look like this, see below:
Sales: 20.34 million iPhones and 9.25 million iPads in Q2 2011.
% change on previous quarter: up by 142% on iPhones and 183% on iPads.
Quarterly revenue: $28.57 billion
Share price rise: 4% to $394 a share
Net profit: $7.31 billion. Yes that’s correct you did read it right, $7.31 billion
Even with this gigantic growth level and market share increase they remain as understudy to the oil mega-giant, Exxon mobil.
Beating Microsoft as most valuable technology entity last year they are rising to dizzy new heights and pulverising the competiton in the process. Their ipad and iphone range are hugely sought after and elvolving from just a brand to a lifestyle pioneering delivery service.
It is documented that during an economic downturn shares in energy companies do fair generally better than consumable tech products as you generally need oil to go about your everyday tasks in the main but you don’t neccesarily need an ipad to live(depends on who you are, i know).
Apple can counteract this difference in historical share differentiation though as also in times of economic downturn people look to make money wherever they can.
This is found in areas such as their mac recycling scheme which is a service that closes the loop on the whole sales cycle and generates revenue from end of life product.
So, what does you think of Apple’s success and do you think it really can become the world’s biggest company?
What do you think about the matter? place your comments below.