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Apple, Inc. Climbing in Fortune 500 Rankings

Apple Fortune 500People who were about to give up on Apple because of recent product delays and the inevitable media spin especially in the blogosphere, are probably kicking themselves in the last couple of weeks. Des[ite the delay of the new Leopard OS and doubts about the iPhone, Apple recently announced their biggest quarter in their entire history. The sales was propelled mostly by Macs and iPods, these two products are showing no signs of of “product fatigue.”

Wall Street is quick to tally Apple’s successes. Apple stocks are now knocking on $100 fro $85 three months and boosting its market capitalization to over $80billion and helping it jump some 38 spots in the Fortune 500 listing to 121. It’s still a long way to Microsoft (49) and definitely light years from its original nemesis IBM (15). But who knows, with ten per cent of the cell phone market after June, Apple may break Big Brother once and for all.

Posted by BrianB on April 29, 2007 in Cell Phone News

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