Apple Rises to Third in Annual Fortune 500 List of America's Largest Companies

Apple has ranked third in the annual Fortune 500 list of the highest-revenue-generating companies based in the United States, with $265.5 billion revenue in fiscal 2018, trailing only Walmart and oil giant ExxonMobil.

apple logo purple blue
Apple moved up one spot in this year's rankings, overtaking billionaire investor Warren Buffett's holding company Berkshire Hathaway.

Fortune's description of Apple:

Two thousand eighteen will be remembered as the year that Apple first achieved a market value of $1 trillion, as well as when growth in iPhones, Apple's largest single product by far, began to slow. Before the introduction of the iPod—the iPhone's precursor—Apple was a once-exciting computer maker. Now, only a retailer and an oil company are bigger. Its challenge: as consumers hang onto phones longer, Apple is repositioning itself as a services provider. Already iTunes, Apple Music, iCloud, and cuts from sales in its popular Apple Store generate billions of dollars of sales.

Apple has made the Fortune 500 list for 37 years and has now cracked the top 10 spots for seven consecutive years:

  • 2019: 3rd

  • 2018: 4th

  • 2017: 3rd

  • 2016: 3rd

  • 2015: 5th

  • 2014: 5th

  • 2013: 6th

  • 2012: 17th

  • 2011: 35th

  • 2010: 56th

Other notable technology companies in this year's Fortune 500 include Amazon in fifth, Google parent company Alphabet in 15th, and Microsoft in 26th.

Popular Stories

Apple WWDC24 Apple Intelligence hero 240610

Apple Explains iPhone 15 Pro Requirement for Apple Intelligence

Wednesday June 19, 2024 4:48 am PDT by
With iOS 18, iPadOS 18, and macOS Sequoia, Apple is introducing a new personalized AI experience called Apple Intelligence that uses on-device, generative large-language models to enhance the user experience across iPhone, iPad, and Mac. These new AI features require Apple's latest iPhone 15 Pro and iPhone 15 Pro Max models to work, while only Macs and iPads with M1 or later chips will...
Apple Vision Pro 2 Feature 2

Apple Reportedly Suspends Work on Vision Pro 2

Tuesday June 18, 2024 8:17 am PDT by
Apple has suspended work on the second-generation Vision Pro headset to singularly focus on a cheaper model, The Information reports. Apple was widely believed to have plans to divide its Vision product line into two models, with one "Pro" model and one lower-cost standard model. The company is said to have been deprioritizing the next Vision Pro headset over the past year, gradually...
M4 Real Feature Red

M4 MacBook Pro Models Expected to Launch in Late 2024

Tuesday June 18, 2024 10:50 am PDT by
MacBook Pro models with an M4 chip are expected to launch in the fourth quarter of 2024, according to display analyst Ross Young. In a tweet for subscribers, Young said that panel shipments for new 14-inch and 16-inch MacBook Pro models are set to begin in the third quarter of 2024, which suggests a launch toward the end of the year. Apple started its M4 chip refresh in May with the launch...
iPhone 16 Pro Max Generic Feature 2

5 Biggest Changes Rumored for iPhone 16 Pro Max

Wednesday June 19, 2024 5:00 am PDT by
Given Apple's rumored plan to add an all-new high-end tier to its iPhone 17 series in 2025, this could be the year for Apple to bring its boldest "Pro Max" model to the table — the kind of iPhone 16 upgrade that stands tall above its siblings, both figuratively and literally. If you have been holding out for the iPhone 16 Pro Max, here are five of the biggest changes rumored to be coming...
Apple Intelligence General Feature

Apple Intelligence Features Not Coming to European Union at Launch Due to DMA

Friday June 21, 2024 9:44 am PDT by
Apple today said that European customers will not get access to the Apple Intelligence, iPhone Mirroring, and SharePlay Screen Sharing features that are coming to the iPhone, iPad, and Mac this September due to regulatory issues related to the Digital Markets Act. In a statement to Financial Times, Apple said that there will be a delay as it works to figure out how to make the new...
2022 back to school apple feature

Apple's 2024 Back to School Sale Launching This Week

Monday June 17, 2024 12:27 pm PDT by
Apple will launch its annual Back to School promotion for university students in the United States and Canada this week, according to Bloomberg's Mark Gurman. Apple's back to school sales provide students with a free Apple gift card when purchasing a Mac or an iPad, and this year's promotion could help Apple push the new M2 iPad Air and M4 iPad Pro models. Last year, Apple offered U.S....

Top Rated Comments

Lone Deranger Avatar
67 months ago
aPpLe iS DoOmeD ! WHaT !?11
Doomed? Certainly not financially. Creatively they've lost their spark. And that's putting it mildly.
Score: 14 Votes (Like | Disagree)
jona2125 Avatar
67 months ago
aPpLe iS DoOmeD ! WHaT !?11
The main thought process for that here internally at Apple is that they have done nothing but focus on climbing ladders as a company and losing foresight on consumer products. It's been dark here the last few years
Score: 12 Votes (Like | Disagree)
Remy149 Avatar
67 months ago
The main thought process for that here internally at Apple is that they have done nothing but focus on climbing ladders as a company and losing foresight on consumer products. It's been dark here the last few years
You say this but I the Apple products I’ve bought in recent years are the best pieces of tech I’ve ever owned. Especially the series 4 Apple Watch
Score: 7 Votes (Like | Disagree)
Baymowe335 Avatar
67 months ago
Well, I can safely say iMac & Mac Pro sales didn't contribute much to all that revenue.

I don't have a problem with diversity. But damn, Apple did you forget your roots? :(
Apple’s Mac business did $25.5B in sales in 2018. That is more than all of Netflix and EBay combined.
Score: 7 Votes (Like | Disagree)
Dragonlord_66 Avatar
67 months ago
aPpLe iS DoOmeD ! WHaT !?11
Score: 5 Votes (Like | Disagree)
Fender2112 Avatar
67 months ago
Well, I can safely say iMac & Mac Pro sales didn't contribute much to all that revenue.

I don't have a problem with diversity. But damn, Apple did you forget your roots? :(
Score: 5 Votes (Like | Disagree)