Apple’s market cap is already bigger than some of the biggest heavyweights of the business world. The tech giant has more money than Visa, American Express, and Morgan Stanley, to name a few, and it just got a whole lot richer over Christmas.
The death of Steve Jobs did cause a brief flutter of uncertainty in the market and after a rare misstep in the last quarter Apple is back with a bang.
The iPhone and IPad have lived up to their reputation as money spinners and swelled Apple’s coffers to almost $US100 billion.
While Apple has wowed Wall Street with its stellar results, the tech giant’s local operation is reportedly mirroring its parent’s growth momentum.
According to Delimiter, new financial documents released by Apple this week has shown staggering revenue growth in the last five years
Apple’s financial results published yesterday with the Australian Securities and Investments Commission (ASIC) have reportedly revealed that the company’s local division has made $4.88 billion in revenues in the year to 24 September 2011.
According to Delimiter, The figure is up $1.29 billion compared with the previous year an astounding jump for any tech firm operating in Australia.
This chart by Horace Dediu, courtesy of Asymco, illustrates the trajectory and composition of Apple’s cash holdings.
In terms of pure revenue Apple is now almost on par with IBM and HP in Australia. Both IBM and HP have a major presence in the enterprise space and in some cases have multi-billon dollar contracts in place. Apple is purely in the business of selling products and its obviously selling a lot of them. continues to show what a company can achieve through a disciplined and innovative development methodology and with the iPad 3 and the iPhone 5 in the pipeline the sky could be the limit for Apple.