updated 01:10 pm EDT, Thu August 14, 2014
Company holds record for consecutive appearances
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.