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Apple plummets from 38th to 88th on Fortune Fastest Growing list
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MacNN Staff
Join Date: Jul 2012
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Apple has dropped from 38th to 88th place on Fortune's annual 100 Fastest-Growing Companies chart. The list includes domestic and foreign businesses that trade on US stock exchanges and have a market cap of at least $250 million. In explaining the fall, Fortune observes that while Apple's sales are high, the pace has been slowing. The publication does note that Apple has been on the list more often than any other company, and with the longest streak. It has had eight total appearances, all of them in a row.
Many of the companies on the list are involved in oil and natural gas production. The financial services and housing/real estate sectors have seen a rebound though, and the rankings leader is California's Questcor Pharmaceuticals.
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Forum Regular
Join Date: May 2001
Location: Collinsville, IL, USA
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In other words, the law of big numbers is in effect.
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Professional Poster
Join Date: Jan 2000
Location: Columbus, OH
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Cue the 'Apple is doomed' nuts.
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Junior Member
Join Date: Apr 2000
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Strangely, when a company becomes large enough to accomplish all of its business needs and has reached the vast majority of its potential customer base, there is a tendency for growth to taper off. A company's growth should no more be an indicator of its financial health than the new housing market should be an indicator of the country's financial health... just saying.
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