• Bloomberg, Thursday, March 24, 2011 11:59 AM

Thanks to a boom in mobile applications, Forrester predicts that Apple will continue posting sales growth of more than 50% for the next two years. And for that, Apple has only itself to thank. Indeed, high demand for iPads and iPhones has spawned a market for downloadable apps. That, in turn, has kept customers buying Apple's products, and putting the company on course for higher revenue than IBM and HP, Forrester CEO George Colony tell Bloomberg.

Citing Apple's 52% sales growth last year, Colony said: "They'll be bigger than IBM next year, and they'll be bigger than HP the year after that." At the current rates "they're going to be a $200 billion revenue company." Apple sold nearly 15 million iPads in its debut year, and over 90 million iPhones over the past four years. According to analysts surveyed by Bloomberg, Apple's sales may climb 54% to $100.3 billion this fiscal year, which ends in September. Growth, however, may slow to 18% the following year.

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