WASHINGTON: Analyst Trip Chowdhry from Global Equities Research has reasons to believe that Apple Inc (NASDAQ:AAPL) will see it enterprise segment growing at a rate of 40% annually in the coming five years. Many technology companies have recently made orders for Apple products, including Macs, iPads, and iPhones for their employees.
The tech giant reported $234 billion in revenues in the latest fiscal year ending September 2015. Out of this, around $25 billion comes from the company’s enterprise segment, i.e. usage of Apple Platform in businesses. The segment grew roughly 40% year-over-year (YoY), while recent trends show that this growth could continue in future years. At the current rate, Apple’s enterprise revenues could reach $35 billion next year, and nearly $50 billion in 2017.
International Business Machines Corp. (IBM) is among such technology companies switching to the Apple platform for its offices. It is currently in the process of replacing computers for all its 300,000 staff members, with Macs, iPads, and iPhones. Additionally IBM made over 100 Apple iOS Enterprise Apps, with its Global Services deploying them on Apple Platform around the world.
LinkedIn has switched to Apple Swift, completely rewriting its Mobile Native SlideShare App. The job portal, along with one of Uber’s rivals, Lyft, are also rewriting their Mobile Native App in Apple Swift, with special significance towards the Apple Platform.
