Since the iPad introduction in 2010, its revenue has totaled $88.2 Billion. Now, I’d call that a successful product. I wonder what it feels like to be one of the design engineers on that original product.
iPad revenue and sale growth are slowing lately, though there is still growth, so industry people are starting to say Apple’s in trouble. Well no, not really. When you have such an incredibly successful and game changing product you may have to step back a notch, at least for a while. That does not diminish Apples success one bit, in my mind.
Of course my mind does not count, only the stock market’s does. AAPL went from $242 in April 2010 to $700 towards at the end of September 2012, and then down to a somewhat more reasonable $525 recently – with a recent bump up to $570. It’s been kinda flat since the start of the year after hitting a low of $391 in April 2013. If you were to take out a big positive hump in 2011/2012, the AAPL share price would have grown at a nearly straight line averaging $100/year for the past five years. Not bad. I’ll take it. I wish I had. Now, I wonder if it will continue on that trajectory.
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