Apple has already exceeded Microsoft as the biggest technology company on the planet in terms of market value. (Apple’s is $317 billion and Microsoft’s is $216 billion). Now, the CEO of Forrester Research tells Bloomberg News that the maker of the iPad and iPhone could surpass $200 billion in annual sales in the next two years.
“They’ll be bigger than IBM next year, and they’ll be bigger than HP the year after that,” George Colony told Bloomberg, adding that they are on the path to become a $200 billion company.
As to Google, Colony noted that the Internet search titan’s revenues are too connected to online advertising, potentially limiting its growth potential.
Interestingly, the Bloomberg story didn’t mention an outlook for either of the tech giants in Seattle: Amazon.com or Microsoft.
Microsoft posted revenue of $62.48 billion for the 2010 fiscal year, a seven percent increase. Amazon, on the other hand, posted net sales of $34.20 billion. That was up 40 percent.
Apple, on the other hand, did about $65 billion in revenue during its 2010 fiscal year.