HOW BIG CAN A GIANT APPLE GROW?
Last week Apple reported a whopping US$52.9 billion of sales, and that’s just for one quarter. International revenues accounted for 65% of the total, and 63% came from the iPhone, way ahead of its Macs and iPads. Given its already giant size, and its reliance on the iPhone, can Apple keep on growing? Yet that’s just the question people were asking a year ago, since when its share price has risen 53.2%, leaving the S&P 500 Index’s very respectable 15.4% return for dust. Apple’s market capitalisation is now a staggering US$763 billion, 3.6% of the index.