Thursday 21 July 2011

What makes Apple's market value more than 30% of India's GDP

Triple-digit growth is normally associated with start-ups and not a 36-year-old company whose market value is more than 30% of India's GDP.

Yet Apple produced such astonishing results, largely on the back of its two red-hot sellers-iPad and iPhone. Reason? The storied Apple is the only large company that keeps innovating and re-inventing itself like a start-up.

Revenues: $28.7 billion/ UP 82%
Net profit: $7.61 billion/ UP 125%

In the past month alone, Apple's market capitalization has risen by $66 billion to $357.8 billion, fueled by optimism of a monstrous second half that could include the iPhone 5 and the new online music and data storage service called iCloud.

Source: www.economictimes.com

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