Apple's iPad on Its Own Would be the 11th Largest Tech Company

Posted January 8, 2013 at 2:30pm by iClarified | Please help us and submit a translation by clicking here | 7776 views

Apple's iPad business, on its, own would be the eleventh largest technology company, according to a report from Bernstein Research analyst Toni Sacconaghi and relayed by Fortune. Last year, the iPad line did $32 billion in sales and it is expected to grow 75% in 2013 to $46 billion.

Even more impressive, it would make the Fortune 500, slotting in at No. 98, above long-established companies like McDonald's (MCD) (No. 107, $27 billion), Macy's (M) (No. 110, $26.4 billion), and Nike (NKE) (No. 136, $20.9 billion). Put another way, the iPad business handily makes more money than Gap (GPS) (No. 185, $14.5 billion) and Toys "R" Us (No. 194, $13.9 billion) combined. Not too shabby for a device launched just shy of three years ago.

Sacconaghi sees growth in 2013 and 2014 but thinks adoption will slow in 2015 due to a saturated market.

Read More




Share
Add Comment
Follow iClarified
Skype App Now Lets You Save and Delete Photos From Chats, Syncs Avatars, Loads Faster, More
Spotify Brings Its New Look to the iPad
Spotify has updated its iOS app with a new lo...
StumbleUpon App Now Fully Compatible With iPhone 6, iPhone 6 Plus, iOS 8
StumbleUpon has released an update to its app...
Apple CEO Tim Cook: I'm Proud to Be Gay
Apple CEO Tim Cook has acknowledged his sexua...
Flipboard 3.0 Brings Topic Tags, Morning News Magazine, New Design for iPhone