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.

Popular Stories

6chatgpt mac app

5 Reasons to Use OpenAI's ChatGPT App for Mac

Thursday May 23, 2024 6:07 am PDT by
On May 13, OpenAI during its Spring Update announced that it would be releasing a desktop ChatGPT app for the Mac in the "coming weeks," and said that ahead of a wider launch it had started rolling out the app to some ChatGPT Plus subscribers. Subscribe to the MacRumors YouTube channel for more videos. After testing the app for a few days, we thought it was worth sharing some reasons why...
new best buy blue

Best Buy's Memorial Day Sale Has Record Low Prices on iPads, MacBooks, and Much More

Friday May 24, 2024 7:12 am PDT by
Best Buy today kicked off its Memorial Day weekend sale, and it has some of the best prices we've tracked in weeks on iPads and MacBooks. Specifically, you'll find record low prices on the 5th generation iPad Air, iPad mini 6, M2 MacBook Air, and M3 MacBook Pro. Note: MacRumors is an affiliate partner with Best Buy. When you click a link and make a purchase, we may receive a small payment,...
macOS 15 Feature

macOS 15 System Settings to Get Design Overhaul

Thursday May 23, 2024 12:51 pm PDT by
With the macOS 15 update that is set to debut at WWDC in June, Apple plans to rearrange "menus and app UIs," according to a report from AppleInsider. The System Settings app, which was last updated with macOS Ventura, will get one of the biggest updates. With macOS Ventura, Apple renamed the System Preferences app to System Settings, introducing a design similar to the Settings app on the...
iPhone 16 Pro Max Generic Feature 2

5 Biggest Changes Rumored for iPhone 16 Pro Max

Tuesday May 21, 2024 7:29 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...

Top Rated Comments

iMi Avatar
53 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
53 months ago
55 billion in earnings is the "doldrums"...
Score: 6 Votes (Like | Disagree)
luvbug Avatar
53 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
53 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
53 months ago
Why not list the top 3 earnings as well? Disappointing article
Score: 2 Votes (Like | Disagree)
amartinez1660 Avatar
53 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)