Fortune: Apple maintains explosive earnings growth - 50% a year
It's now the second-largest company in the U.S., and it still manages to grow its earnings by more than 50% a year.
http://tech.fortune.cnn.com/2010/07/...rnings-growth/
Quote:
In the four years I've followed Apple (AAPL) as it's grown from a mere mid-sized tech stock to becoming the second largest corporation in the United States in terms of market capitalization, I never imagined that it or any other company of its size would be able to consistently grow its earnings by well over 50% a year.
While Apple is now larger than Microsoft (MSFT), Google (GOOG), Cisco (CSCO), and Intel (INTC), it still enjoys the growth rate of small cap tech stocks. A few weeks ago I wrote an article entitled Apple's $63.5 Billion Revenue Year where I offer comprehensive revenue estimates for Apple's fiscal Q3 and Q4 of 2010. Picking up where that report left off, I'll take a look at Apple's potential 2010 earnings.
In the four years I've followed Apple (AAPL) as it's grown from a mere mid-sized tech stock to becoming the second largest corporation in the United States in terms of market capitalization, I never imagined that it or any other company of its size would be able to consistently grow its earnings by well over 50% a year.
While Apple is now larger than Microsoft (MSFT), Google (GOOG), Cisco (CSCO), and Intel (INTC), it still enjoys the growth rate of small cap tech stocks. A few weeks ago I wrote an article entitled Apple's $63.5 Billion Revenue Year where I offer comprehensive revenue estimates for Apple's fiscal Q3 and Q4 of 2010. Picking up where that report left off, I'll take a look at Apple's potential 2010 earnings.
http://tech.fortune.cnn.com/2010/07/...rnings-growth/