Could This Chinese Upstart Be the Next Apple?
As we all know, Apple is one of the most successful companies of all time. Since its initial public offering in 1980, its shares have gone on to appreciate almost 1,000 times over -- and that's not even including dividends, which Apple has been paying since 2012.
While Apple has already grown to extreme heights with a market capitalization of nearly $1.7 trillion, investors may be wondering what company may become the "next" Apple, if there even is such a thing.
One candidate could be brewing over in China. This upstart smartphone maker has just a $50 billion market capitalization, or 1/34th the size of Apple. Yet its business looks remarkably similar to Apple's, and recent results show it's having success, even in difficult times like these.
Source Fool.com
