Apple’s revenue could grow 50% in two years, analysts say

According one analyst, Apple’s revenues could grow 50% through the next two years, driven by the demand for iPhone, iPad, and iPod touch apps. Forrester Research founder George Colony told Bloomberg that he believes Apple will soon be a $200 billion revenue company. “They’ll be bigger than IBM next year, and they’ll be bigger than HP the year after that,” Colony said. Bloomberg surveyed a number of analysts and the average prediction is that Apple’s sales will jump 54% this fiscal year to $100.3 billion, but Apple’s sales growth could fall to 18% in 2012. Colony believes Apple could face some roadblocks if Steve Jobs leaves his position as CEO, but also argues that Apple probably has enough products planned to last three or four years if Jobs does depart from his role. After that time, it may be hard for Apple to continue to update its product portfolio as often as it does. “Without Steve Jobs as the CEO, I think it will be much harder for them to do that,” Colony said. “That would be a massive, massive hit to the valuation.”

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