Analyst Predicts Apple Will Be Bigger Than IBM and HP
Founder of Forrester Research George Colony thinks Apple will outgrow IBM and HP, keeping its steady 50% sales growth rate year after year:
They’ll be bigger than IBM next year, and they’ll be bigger than HP the year after that,” Colony said, citing Apple’s 52 percent sales growth last year. At current growth rates “they’re going to be a $200 billion revenue company,” he said.
Hewlett-Packard had sales of $126 billion in the year that ended in October and IBM’s revenue was $99.9 billion last year, making them the largest technology companies, respectively, by sales. Apple ranks No. 1 by market capitalization.
HP is coming out with a tablet this summer (following the Palm acquisition), whilst IBM has become more of a research giant rather than a consumer electronic company. Apple may be bigger than both companies from a user’s perspective, but it’ll be interesting to see whether the HP TouchPad will be able to change the current tablet market landscape.