The iPad would be in the Fortune Top 100 list as a standalone business
This entry was posted on Sunday, January 13, 2013.
It is no secret that Apple completely turned the tech world on its head with the announcement of its iPad tablet way back in 2010, and has enjoyed an undisputed hegemony in the tablet market over its numerous rivals at every single point of its existence. The staggering success of the iPad has been quantified even further now - according to a new report, in a hypothetical scenario where the iPad would spin off into an independent business, it would still be the 98th largest company in the world according to the Fortune 500 list valuations. Moreover, it would also be the 11th largest American company!
According to the CNN & Fortune report:
"According to a recent report from Bernstein Research analyst Toni Sacconaghi, the iPad line brought in $32 billion in sales last year -- accounting for just over 60% of all tablet sales -- and will grow 75% in 2013 to $46 billion. With numbers like those, Sacconaghi estimates that would make the iPad business, on its own, the 11th largest tech company."
The sheer magnitude of the Apple tablet's success is exhibited to a large extent with these observations. To think that just one product in the series of electronic devices that get made by Apple is enough for it to be bigger than McDonald's and Nike is nothing short of unbelievable. When you take into account that Apple's iPhones are equally, if not more successful than the various iPads, and that Macs are finally gaining more traction in the PC market globally, the sky is the limit for Apple as a company.