Apple Ranks Fourth in Annual Fortune 500 List of America's Largest Companies

apple logo pink blue brooklynApple has ranked fourth in the annual Fortune 500 list of the largest companies in the United States by revenue, with $260.1 billion revenue in the 2019 fiscal year, trailing Walmart, Amazon, and ExxonMobil.

Mighty Apple dipped a smidge in 2019, both in terms of sales, down 2% to $260 billion, and in its ranking, from No. 3 to No. 4. The computer and phone maker’s ability to make money cushioned the blow. Apple earned $55 billion. Three categories tell the story of Apple’s sales doldrums. iPhone sales, 55% of Apple’s total, fell 14%. Increases in sales of services like streaming and subscriptions, 18% of the total, grew 16%. And wearables (AirPods and Watches) and other non-phone accessories (iPods, HomePods, and Beats products) leapt 41%, but account for only 9% of the pie.

Apple has now ranked in the top five for seven consecutive years, although it dropped one spot after finishing third in 2019. Other notable tech companies in this year's list include Google parent Alphabet in 11th, Microsoft in 21st, and Facebook in 46th.

Top Rated Comments

iMi Avatar
28 months ago
I'm old enough to remember Apple being weeks away from bankruptcy. Amazing how things changed.
Score: 9 Votes (Like | Disagree)
WWPD Avatar
28 months ago
55 billion in earnings is the "doldrums"...
Score: 6 Votes (Like | Disagree)
luvbug Avatar
28 months ago
Meanwhile, the US stock market opens *up* 3%, as the Fed also issues dire warnings on the economy. WE ARE INSANE.
Score: 3 Votes (Like | Disagree)
DelayedGratificationGene Avatar
28 months ago
It’s not how much revenue u bring in(amazon) it’s how much fcf u keep and with that Apple is King.
Score: 3 Votes (Like | Disagree)
waquzy Avatar
28 months ago
Why not list the top 3 earnings as well? Disappointing article
Score: 2 Votes (Like | Disagree)
amartinez1660 Avatar
28 months ago

Why not list the top 3 earnings as well? Disappointing article
“(...) with $260.1 billion revenue in the 2019 fiscal year, trailing Walmart, Amazon, and ExxonMobil (...)”

I find it interesting that of all the mentioned ones, Facebook being up there is crazy. I understand Amazon, ExxonMobil, Microsoft, Apple and others bringing A LOT of tangible and physical value via gadgets, productivity, fuels, etc... but Facebook? It still feels so much like selling air.
Of course it’s valuable for it to be there, but I still can’t really see it at that level. For sure even the big players (the same ones mentioned before) rely on its ad and marketing machine, but what are the chances of some of these numbers being overinflated?
Score: 2 Votes (Like | Disagree)

Popular Stories

airpods pro 2 1

AirPods Pro 2 No Longer Expected to Feature Built-In Heart Rate or Body Temperature Sensor

Sunday July 3, 2022 8:07 pm PDT by
While past rumors have indicated the upcoming second-generation AirPods Pro will feature a built-in heart rate and body temperature sensor, Bloomberg's Mark Gurman has cast doubt on those rumors turning out to be true, saying instead such a feature is unlikely to come anytime soon. "Over the past few months, there have been rumors about this year's model gaining the ability to determine a...
top stories 2jul2022

Top Stories: M2 MacBook Air Release Date, New HomePod Rumor, and More

Saturday July 2, 2022 6:00 am PDT by
The M2 MacBook Pro has started making its way into customers' hands and we're learning more about how it performs in a variety of situations, but all eyes are really on the upcoming M2 MacBook Air which has seen a complete redesign and should be arriving in a couple of weeks. Other top stories this week included a host of product rumors including additional M2 and even M3 Macs, an updated...
Apple Watch 8 Unreleased Feature Thumb

Apple Watch Series 8 Model Rumored to Feature 5% Larger Display

Monday July 4, 2022 5:50 am PDT by
Apple is working on an Apple Watch Series 8 model with a larger display, according to DSCC's Ross Young and Haitong International Securities's Jeff Pu. In October last year, Young suggested that the Apple Watch Series 8 could come in three display sizes. Now, responding to a query about the rumor on Twitter, Young claims that the additional display size joining the Apple Watch lineup will be ...
intel go pc justin long

Windows Laptop Makers 'Worried' About New MacBook Air Impacting Sales

Tuesday July 5, 2022 6:57 am PDT by
The upcoming launch of Apple's redesigned MacBook Air with the M2 chip has some Windows laptop manufacturers "worried" that sales of Intel-based laptops will be negatively affected, according to industry sources cited by DigiTimes. "A Wintel brand vendor pointed out that at a price point of US$1,000-$1,500, the MacBook Air will crowd out other high-end notebooks," the report claims, with...
Apple Watch Series 8 What We Know Feature

Apple Watch Series 8 Might Be Able to Tell If You Have a Fever

Sunday July 3, 2022 6:36 am PDT by
The upcoming Apple Watch Series 8 will be able to tell a wearer if it believes they have a fever due to a higher than normal body temperature thanks to a new built-in sensor, according to Bloomberg's reliable Mark Gurman. Writing in the latest edition of his Power On newsletter, Gurman says that the Apple Watch Series 8 will feature a new body temperature sensor, given that the sensor passes ...
macbook air m2

Exclusive: Apple Plans to Launch MacBook Air With M2 Chip on July 15

Wednesday June 29, 2022 5:23 pm PDT by
The redesigned MacBook Air with the all-new M2 Apple silicon chip will be available for customers starting Friday, July 15, MacRumors has learned from a retail source. The new MacBook Air was announced and previewed during WWDC earlier this month, with Apple stating availability will begin in July. The MacBook Air features a redesigned body that is thinner and lighter than the previous...
European Commisssion

EU Approves Landmark Legislation to Regulate Apple and Other Big Tech Firms

Tuesday July 5, 2022 5:53 am PDT by
European Union lawmakers have approved landmark legislation to heavily regulate Apple, Google, Meta, and other big tech firms. The Digital Markets Act (DMA) and Digital Services Act (DSA) were proposed by the European Commission in December 2020. Now, collected in a "Digital Services Package," the legislation has been formally adopted by the European Parliament and seeks to address...