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
22 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
22 months ago
55 billion in earnings is the "doldrums"...
Score: 6 Votes (Like | Disagree)
luvbug Avatar
22 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
22 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
22 months ago
Why not list the top 3 earnings as well? Disappointing article
Score: 2 Votes (Like | Disagree)
amartinez1660 Avatar
22 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)

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