Apple Rises to #3 in Annual Fortune 500 Rankings

Apple rose to 3rd place in the annual Fortune 500 list of the top U.S. corporations based on gross revenue, trailing behind only Walmart and Exxon Mobil. Apple's previous rankings include 5th place in 2015 and 2014, 6th place in 2013, 17th place in 2012, 35th place in 2011 and 56th place in 2010.

Other notable carriers, technology companies, and Apple suppliers on the list include AT&T (10th), Verizon (13th), Amazon.com (18th), HP (20th), Microsoft (25th), IBM (31st), Alphabet (36th), Intel (51st), Cisco Systems (54th), Oracle (77th), Qualcomm (110th), Facebook (157th), and Broadcom (331st).

Fortune-500-2016-Apple
Apple's profile highlighted the company's recent slowdown in iPhone and iPad sales, push into India, and the much-rumored Apple Car.

After more than a decade of solid growth fueled first by the iPod music player and then by the even more popular iPhone, Apple finally appeared to hit a wall. Still the most profitable publicly-traded company in the world, Apple’s iPhone 6S and 6S Plus upgrades barely outsold their predecessors after arriving on the market at the end of 2015, while sales of the iPad tablet computer continued to shrink throughout the year. In April 2015, the Apple Watch arrived to mixed reviews and modest sales. And though debate raged for a bit about the state of Apple’s sales in China amid a slowing economy there — including an unusual August 2015 email from CEO Tim Cook to CNBC host Jim Cramer claiming no summer slowdown — the year ended on a weak note for the company in Asia. Lately, hopes have turned to the next iPhone upgrade cycle and a push to focus on India, where Apple’s market share remains miniscule. Still, even with the growing concerns, Apple’s next big leap came into view in 2015. Dubbed Project Titan and staffed with hordes of former car industry experts, Apple’s effort to leapfrog the automobile market with an electric masterpiece likely won’t reach consumers for a few more years. But when it does, Cook and company could be riding high again.

Apple's revenues topped $233.7 billion during the 2015 fiscal year, a 27.9 percent year-over-year increase. While Walmart and Exxon Mobil posted higher gross revenues of $482.1 billion and $246.2 billion respectively, note that Apple's annual profits of $53.4 billion were more than both companies earned combined.

Top Rated Comments

maflynn Avatar
60 months ago
These numbers are all well and good for the wall street type folks, but for me as a consumer, I'd prefer seeing some innovation and some cool products. What I hope we DON'T see soon, is a thinner laptop, a thinner iPhone, a thinner watch, etc. Apple has shown itself that it can really make some great products, lets just give up on the thin design and make a design that will turn heads, but also function great.
Score: 18 Votes (Like | Disagree)
Mac Fly (film) Avatar
60 months ago
The meaningless revenue chart.
Score: 16 Votes (Like | Disagree)
DanielSw Avatar
60 months ago
As a professional Apple user for over three decades, I think Apple is doing very well. I actually have no idea how many Apple computers I've owned and used daily over the years. But the current i7 27" iMac is the best overall (though I really would love to see an updated Mac Pro).

I also love the Apple ecosystem with iPhone, Apple Watch, iCloud, Apple Music, etc.

Just this morning I took my Honda CRV into the local dealer for its first oil change. I brought my 12" 2015 MacBook along so that I could continue working on our new website, built with Adobe Muse CC, while I waited. Using my iPhone 6S+ in personal hotspot mode on AT&T, I connected easily Back to My Mac, and it worked very well.

I love the newer MacBook with its thin form factor and beautiful screen. I think Apple's strategy of a "think client" is a good one. I don't need much local storage or RAM beyond its 8GB as long as I can connect with my iMac. I also can't remember the last time I made a CD or DVD.
Score: 8 Votes (Like | Disagree)
apolloa Avatar
60 months ago

These numbers are all well and good for the wall street type folks, but for me as a consumer, I'd prefer seeing some innovation and some cool products. What I hope we DON'T see soon, is a thinner laptop, a thinner iPhone, a thinner watch, etc. Apple has shown itself that it can really make some great products, lets just give up on the thin design and make a design that will turn heads, but also function great.

Sorry to say but everything you DON'T want to see Apple make is everything Apple WILL make this year.
I think a lighter iPhone would be nice, and a thinner watch so long as the battery life isn't affected.
Score: 5 Votes (Like | Disagree)
2457282 Avatar
60 months ago
So the slow down in phone sales that sent everyone into a tizzy still allowed them to increase revenue to become #3. Hmm..... maybe they are not as doomed as thought.
Score: 3 Votes (Like | Disagree)
Swazaloo Avatar
60 months ago

These numbers are all well and good for the wall street type folks, but for me as a consumer, I'd prefer seeing some innovation and some cool products. What I hope we DON'T see soon, is a thinner laptop, a thinner iPhone, a thinner watch, etc. Apple has shown itself that it can really make some great products, lets just give up on the thin design and make a design that will turn heads, but also function great.

I see people say this on every Apple article, and I'm just curious.. what exactly do you expect them to do? The mobile wave is over, we reached peak smart phone years ago, and as such there will be nothing but refinement until the next breakthrough in technology.
Score: 3 Votes (Like | Disagree)

Top Stories

16inchmacbookpromain

Kuo: New MacBook Pro Models to Feature Flat-Edged Design, MagSafe, No Touch Bar and More Ports

Thursday January 14, 2021 9:32 pm PST by
Apple is working on two new MacBook Pro models that will feature significant design changes, well-respected Apple analyst Ming-Chi Kuo said today in a note to investors that was obtained by MacRumors. According to Kuo, Apple is developing two models in 14 and 16-inch size options. The new MacBook Pro machines will feature a flat-edged design, which Kuo describes as "similar to the iPhone 12" ...
foldable iPhone concept feature

Apple Testing In-Display Fingerprint Sensor for iPhone 13, Foldable iPhone Also in the Works

Friday January 15, 2021 1:46 pm PST by
Apple has started "early work" on an iPhone that has a foldable display, according to a new report from Bloomberg's Mark Gurman. Though testing of a foldable iPhone has begun, Apple has not committed to releasing a device that has a foldable display. Development has not yet expanded beyond a display and Apple does not have full foldable iPhone prototypes in its labs. Like foldable...
iphone x camera close

iOS 14.4 Will Introduce Warning on iPhones With Non-Genuine Cameras

Thursday January 14, 2021 8:07 am PST by
In the second beta of iOS 14.4 seeded to developers and public testers this week, MacRumors contributor Steve Moser has discovered code indicating that Apple will be introducing a new warning on iPhones that have had their camera repaired or replaced with aftermarket components rather than genuine Apple components. "Unable to verify this iPhone has a genuine Apple camera," the message will...
iP12 charge airpods feature 2

Hidden iPhone 12 Hardware Feature Could Still be Unlocked

Thursday January 14, 2021 2:51 am PST by
All iPhone 12 and iPhone 12 Pro models purportedly have a hidden reverse wireless charging feature, according to an FCC filing. The feature has not yet been activated, but could yet be unlocked for an upcoming Apple accessory. The FCC filing suggests that iPhone 12 models contain the hardware for Wireless Power Transfer (WPT) to accessories: In addition to being able to be charged by a...
Top Stories 43 Feature

Top Stories: MacBook Pro, iMac, Mac Pro, and iPhone Rumors, Best of CES 2021

Saturday January 16, 2021 6:00 am PST by
This week was sure a busy one in the Apple world, with a flurry of announcements out of CES early in the week followed by a rash of Mac- and iPhone-related rumors later in the week. The new rumors this week included details on updated MacBook Pro, iMac, and Mac Pro models, as well as a few other tidbits, so make sure to read on below to get caught up! Kuo: New MacBook Pro Models to...
iphone 5s black slate

Images of Unreleased iPhone 5s in Black and Slate Shared Online

Sunday January 17, 2021 9:47 am PST by
Twitter user @DongleBookPro has today shared images of a prototype iPhone 5s in an unreleased Black and Slate color. The iPhone 5s was launched in September 2013. The device featured Touch ID, a 64-bit processor, and a True Tone LED flash for the first time. Other new features included a five-element lens with an f/2.2 aperture, a 15 percent larger camera sensor, Burst Mode, and Slo-Mo...
Apple TV Ray Light 2 Triad

Apple Extends Free Apple TV+ Trials Until July

Friday January 15, 2021 10:50 am PST by
Apple is once again planning to extend its free Apple TV+ trial subscriptions, this time until July. When Apple TV+ launched in November 2019, Apple offered free Apple TV+ subscriptions to those who purchased a new Apple device in or after September 2019. Those free subscriptions were set to expire in November 2020, but in October 2020, Apple announced that it was extending free trials...
pat gelsinger intel

Incoming Intel CEO Derides Company's Inability to 'Deliver Better Products' Than Apple's M1 Chip

Friday January 15, 2021 6:17 am PST by
Incoming Intel CEO Pat Gelsinger has said that the company must "deliver better products" than Apple, which he described as a "lifestyle company," and says that Intel's best days are "in front of it" (via The Oregonian). Speaking at an Intel all-hands meeting yesterday, Gelsinger derisively implied that Apple is merely a "lifestyle company," so Intel must be able to surpass its technology: ...
mac pro mini feature

Apple Working on Two New Mac Pro Desktops, One of Which Will Be Reminiscent of Power Mac G4 Cube

Friday January 15, 2021 10:23 am PST by
Apple is developing two versions of the Mac Pro to succeed the Mac Pro that was first released in December 2019, according to a new report from Bloomberg. The first updated Mac Pro is a direct successor to the current Mac Pro and it will use the same design. It may also be equipped with Intel processors rather than Apple silicon chips, and it could be one of the sole machines in the Mac...
macbook pro 16 inch thunderbolt

Bloomberg: Next-Generation MacBook Pro to Offer Improved Displays, Faster Charging Over MagSafe

Thursday January 14, 2021 11:36 pm PST by
Following today's report from analyst Ming-Chi Kuo outlining major changes for the next-generation MacBook Pro models coming in the third quarter of this year, Bloomberg's Mark Gurman has weighed in with his own report corroborating some of the details but seemingly differing a bit on others. First, Gurman shares more details on the return of MagSafe charging to the MacBook Pro, indicating...