Apple growing like a start up
Thriving in the midst of a recession? The Cupertino, CA-based widget maker and content retailer has earned a spot—among bio tech and services outsourcing firms—on a listing of the fastest growing technology firms.
Job losses mount and gloom spreads, yet Forbes didn’t have any trouble getting together their annual 25 Hottest Tech Stocks listing, shines a spotlight on companies that have outperformed competitors and the market.
To even be considered by Forbes, companies must have posted 10 percent or better sales growth over the last five years and a profit for the last 12 months. Further, companies must also rate a Thomson IBES long-term consensus profit-growth forecast of at least 10 percent.
And, for what it’s worth, Apple’s sales were greater, at least 50 percent greater, than any other company listed in this year’s ranking.
Can our favorite fruit company keep the good news flowing, without Steve Jobs on the job, or is this the end of a very long, very good run?
What’s your take?
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