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AAPL Stock: 100.96 ( -0.83 )

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Apple plummets from 38th to 88th on Fortune Fastest Growing list

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.




by MacNN Staff

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  1. lkrupp

    Junior Member

    Joined: 05-13-01

    In other words, the law of big numbers is in effect.

  1. msuper69

    Professional Poster

    Joined: 01-16-00

    Cue the 'Apple is doomed' nuts.

  1. lockhartt

    Fresh-Faced Recruit

    Joined: 04-11-00

    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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