Apple still top of the pile

in Brand Technology
by Nick Lee

Hindsight is a wonderful thing and if, looking back on the last 10 years, you invested in the Tech and Internet sectors you are likely to be wearing a big grin now.  Whilst shares in banks such as RBS have seen a massive drop from £500 to £28 the opposite can be said for companies like Google, Yahoo and in particular, Apple.

Apple shares were worth as little as $3.19 in 1997, when it faced the possibility of bankruptcy but Apple is now worth more than the GDP of Sweden ($458 billion), or all the gold in the US Federal Reserve and then some ($350 billion).

Of course there are the new kids on the block which are causing headlines of their own with Facebook recently being estimated at $100 billion but this is a drop in the ocean compared to Apple. And there are no signs of the Apple growth slowing.

With the imminent new release of the iPad 3 rumoured to be around March 7 and judging by the way Apple already dominate this market their stranglehold will just get stronger. There are varying figures around but if the “iPad outsells Android tablets by a ratio of 24:1” is to be believed then those Apple shares will keep on that upward trend.

And whilst the iPad3 is generating some buzz there is more feverish excitement around Apple TV or iTV (legal ramifications over this naming is another story altogether.) Will Apple be able to dominate this market as well as they have done with their tablets? Only time will tell but with this development in the pipeline there is no doubt their shares will keep climbing and will probably break $600 soon and keep Apple ‘top of the tech pile’.