Apple Inc. places 6th in BusinessWeek 50 ranking
Friday, March 28, 2008 - 04:14 PM ESTThe companies that make up the BusinessWeek 50 represent the star performers in each of the 10 sectors that make up the S&P 500. Given BW's three-year measurement period, their list typically includes a number of companies that are riding the crest of different business cycles, which means this year's rankings include seven companies that are benefiting from the surge in energy prices, as well as 10 companies that gained in different ways from the housing boom.
MacDailyNews Note: See how the 50 made the cut here.
The Class of 2008 is also among the most global groups of companies since we published our first rankings in 1997 and includes Apple Inc. at #6:
Industry: Computer Hardware
Sales: $26.5 billion
Net Income: $4.1 billion
Apple (AAPL) launched its latest category-busting gadget, the iPhone, in 2007, and its shares more than doubled. But investors may be more focused now on the stock's 28% plunge since the start of 2008: The Cupertino (Calif.) company has become the poster child for market fears of a slowdown in consumer spending. Chief Executive Steve Jobs has signaled that, despite any recession, Apple won't be trimming its R&D budget. With $18 billion in cash on hand, many expect the product- obsessed Jobs to go on the offensive. He has already announced a corporate version of the iPhone.
The list also includes:
1. Coach
2. Gilead Sciences
3. Allegheny Technologies
4. Verizon
5. Questar
...
23: Amazon.com
...
27: AT&T
...
34: Google
...
36: Best Buy
...
41: Microsoft
...
49: Nvidia
See the full list, along with their descriptions, here.
MacDailyNews and iPodDailyNews are Apple Store affiliates and if you buy something from the Apple Store within 24-hours after clicking any one of our Apple Store ads, we will receive an affiliate percentage from Apple. There is no extra cost to you. Canadians please use this link: Apple Store Canada. Thank you in advance for helping to support MacDailyNews and iPodDailyNews.
Apple Store Advertisements:
• The all-new 13-inch MacBook. The next generation of notebooks starts at $1299.
• The all-new 15-inch Macbook Pro. New design. New features. New technologies. From $1999.
• The all-in-one iMac. Now at speeds up to 3.06GHz. Free shipping. From $1199.
• iPod touch. The funnest iPod ever. Starting at $229. Free Shipping.
• iPod nano. New design. New features. Starting at $149. Free shipping.
• Visit the Apple Store today. Free ground shipping on all orders over $50.
MacDailyNews on Twitter
= 
We're number six! We're number six!