If you happen to follow the stock market (or even if you don’t) you may have heard that Apple posted record-level quarterly financial results on Tuesday. Analysts have pointed to a combination of the release of the wildly popular iPhone 4S and the holiday season as the source of the extra performance. However, this is just the cherry on top of the sundae. Apple’s growth has been meteoric these last few years, largely on the back of the iPhone and the iPad.
But most of the numbers you see really don’t mean much to your everyday person. A market cap of $416 billion? Okay, that’s a lot. But how much is it?
The Wall Street Journal had a great infographic the other day breaking it down. Here are couple of highlights. Article Continues…
Other World Computing has been named for a second time to the Crain’s Chicago Business 2011 “Fast 50” list of the fastest growing companies in the Chicago area, posting a 99.2 percent revenue growth rate over the past five years. OWC appeared on the 2009 Crain’s Fast Fifty list, and has also been recognized annually since 2008 on Crain’s list of Chicago’s Largest Privately Held Companies.
Crain’s began the qualification process in January by searching lists of public and private companies. To be eligible for consideration, companies had to be headquartered in the six-county Chicago metropolitan area (Cook, DuPage, Kane, Lake, McHenry and Will), posted both revenue growth and a minimum of least $20 million revenue for 2010, and had no more than one year of declining revenue in the 2005-2010 timeframe. Firms meeting those criteria, along with earning the highest five-year revenue growth percentages, became the “Fast 50”. In 2010, OWC revenue reached $70.9 million, up 99.2% since 2005.
“OWC is thrilled to be part of the 2011 Crain’s Fast Fifty list this year — it is an honor to be included among the most successful firms in the Chicago area,” said Larry O’Connor, founder and CEO, Other World Computing. “But the real reward is knowing that our healthy growth enables us to better serve our customers on a day to day basis, as we work to constantly expand the range of products and services we provide.”