Starbucks ? Tata ? "Some Chinese or Indian tech company" - these were the results of the straw poll I conducted in the office ...

What is the fastest growing company in the World?

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Starbucks ? Tata ? "Some Chinese or Indian tech company" - these were the results of the straw poll I conducted in the office this morning,

According to Fortune BlackBerry-maker Research In Motion (RIM) is the World’s fastest-growing company, apparently the Canadian firm recorded average yearly revenue growth of 74% over the last three years,and average profit growth of 84% over the same period. Since 2006, RIM has provided an average 45% return on its backers’ investment.

This growth is directly driven by the huge rise in demand for smartphones in the last three years.- it now has 74% of the business smartphone market and recent reports indicate that the BlackBerry now outsells the iPhone in the US. Interestingly Apple also features at 39 which belies their sucess recently due to the huge base it is growing from.

With smartphone sales representing the fastest-growing segment of the mobile devices market surpassing 40 million units,- a 27 per cent increase from the same period last year they have recently become the "phone of choice" for everyone from high powered International businessmen to sutudents which have apparently adopted them in droves - mainly down to unlimied access to personal email, free contracts and according to some even to cheat in exams ! it will be interesting to see if this growth is sustainable but with the exponential rise in social networking through phones, applications and announcements such as Nokia recently announcing a partneship with Microsoft and Apple relaxing its association with specific carriers such as O2 in the Uk it looks set to continue

I still dream about the simplicity of my old Nokia 6310i !


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