Apple iPad Tablet: Everybody knows that the iPad tablet is one of Apple Inc. (NASDAQ:AAPL)’s most popular products of all time. No matter what the competition does, it continues to rack up huge sales numbers and profit. On top of this, the iPad mini is carving out its own niche in the tablet space.
Today, CNN Money published a story – America’s 11th largest tech company (It’s Apple’s iPad) – showing just how valuable the tablet has become.
The subtitle of the article says it all:
“Measured in revenue, Apple’s iPad would rank No. 11. On the Fortune 500? No. 98.”
In other words, if the iPad was a standalone business it would be an absolute tech monster. It would the 11th largest tech company in the United States.
The article goes on to explain this in further detail:
“According to a recent report from Bernstein Research analyst Toni Sacconaghi, the iPad line brought in $32 billion in sales last year — accounting for just over 60% of all tablet sales — and will grow 75% in 2013 to $46 billion. With numbers like those, Sacconaghi estimates that would make the iPad business, on its own, the 11th largest tech company.”
When you begin to compare the numbers of the Apple Inc. (NASDAQ:AAPL) iPad to revenue of Fortune 500 companies, it is even more amazing. It would find itself ahead of many of the biggest brands in the world, including Macy’s, McDonald’s, and Nike among others.
Broken down in simpler terms, here is something from the CNN Money article that will impress you: