Apple Ranked Twelfth in Fortune Global 500 for Revenue, Third for Profit
Apple has ranked third in the annual Fortune Global 500 list of the world's largest companies for profit, and twelfth for revenue.

This year's Fortune Global 500 companies' operating income reached a record high of $33 trillion, close to the combined GDP of China and the United States. Together, this year's Fortune Global 500 companies employ 69.9 million people worldwide and are represented by 32 countries. Wal-Mart was again the world's largest company, for the seventh consecutive year.
Apple's revenue is reported as $260.174 billion, of which $55.256 billion is profit. Apple was only surpassed in profits by investment firm Berkshire Hathaway and oil company Saudi Aramco. Interestingly, Berkshire Hathaway has a 5.7% stake in Apple, which accounts for more than a fifth of its entire value.
In spite of a slight downturn for Apple in the last financial year, Fortune remains positive about Apple's ability to make money. iPhone continues to dominate sales, although subscriptions are rapidly becoming an important part of Apple's business model.
Mighty Apple dipped a smidge in 2019, down 2% to $260 billion in sales. 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 is estimated to currently have 137,000 employees, and recently reported record third fiscal quarter revenue of $59.7 billion and net quarterly profit of $11.25 billion.
Apple has ranked in the Fortune Global 500 top 20 since 2013. Last year, the company ranked one place higher for both revenue and profit. In May, Apple ranked fourth in the Fortune 500 list of America's largest companies. Apple has now ranked in the top five for seven consecutive years.
Popular Stories
Apple changed the strategy for iOS 17 later in its development process to add several new features, suggesting that the update may be more significant than previously thought, Bloomberg's Mark Gurman reports.
In January, Gurman said that iOS 17 could be a less significant update than iPhone updates in previous years due to the company's intense focus on its long-awaited mixed-reality...
Following nearly six weeks of beta testing, iOS 16.4 is expected to be released to the public as soon as this week. The software update includes a handful of new features and changes for the iPhone 8 and newer. To install an iOS update, open the Settings app on the iPhone, tap General → Software Update, and follow the on-screen instructions.
Below, we have recapped eight new features and...
Some Apple employees are concerned about the usefulness and price point of the company's upcoming mixed-reality headset, The New York Times reports.
Apple headset concept by David Lewis and Marcus Kane Initial enthusiasm around the device at the company has apparently become skepticism, according to eight current and former Apple employees speaking to The New York Times. The change of tone...
Apple showcased its mixed-reality headset to the company's top 100 executives in the Steve Jobs Theater last week, according to Bloomberg's Mark Gurman.
In the latest edition of his "Power On" newsletter, Gurman explained that the "momentous gathering" is a "key milestone" ahead of the headset's public announcement planned for June. The event was intended to rally Apple's top members of...
We're still almost six months away from the official unveiling of the iPhone 15 lineup, but it seems like every day we're learning more about what to expect from the next-generation models. Notably, this week gave us our clearest look yet at what appear to be some changes for the volume and mute control hardware.
iOS 16.4 and associated releases are also right around the corner with some new ...
Apple today released iOS 16.4, the fourth major update to the iOS 16 operating system that initially came out last September. iOS 16.4 comes two months after the launch of iOS 16.3, an update that added Security Keys for Apple ID.
iOS 16.4 and iPadOS 16.4 can be downloaded on eligible iPhones and iPads over-the-air by going to Settings > General > Software Update. It can take a few minutes...
We saw a lot of great deals on Apple products and related accessories this week, including Samsung's iMac-like Smart Monitor M8 for $250 off, a 30 percent off spring sale at Anker, and the year's best prices on numerous AirPods models. All of these deals are still available to purchase right now, so we're recapping them and more below.
Note: MacRumors is an affiliate partner with some of these ...
This year, all iPhone 15 models will include Apple's Dynamic Island that unifies the pill and hole cutouts at the top of the display, but there will also be a material change to the feature that wasn't included in the iPhone 14 Pro models.
According to a new tweet by Apple industry analyst Ming-Chi Kuo, the proximity sensor on the iPhone 15 series will be integrated inside the Dynamic Island ...
Top Rated Comments
I pulled the trigger on the Lenovo X1 Extreme on Wednesday.