Apple Ranks Third in Annual Fortune 500 List With $275 Billion Revenue

Apple has regained its third-place position in the annual Fortune 500 rankings of the largest companies in the United States by revenue.

aapl logo banner
Apple earned $274.5 billion in revenue in the last fiscal year, an increase of 5.5 percent, and made $57.4 billion in profit, a 3.9 percent increase.

Last year, Apple fell to fourth place, but now the company returned to third place, only surpassed by Walmart in first place and Amazon in second place.

The pandemic created challenges and opportunities for Apple. CEO Tim Cook had to close stores and send home engineers. But with Apple customers worldwide working and learning from home, iPad and Macintosh computer sales skyrocketed to their highest levels ever. And fiscal-year revenue hit an all-time record too, of $275 billion. That helped Apple's stock price soar; it gained 80.7% in 2020. As that year wound down, regulators fixed their sights on Apple for potentially abusing its power over the iOS app store. A House Judiciary antitrust subcommittee report in October concluded that Apple "exerts monopoly power" in its app store to harm competition and increase prices for consumers. Meanwhile, testimony in an antitrust lawsuit filed by Fortnite developer Epic Games will likely increase pressure on legislators to limit Apple’s power.

Apple has now ranked in the top five for eight consecutive years. Other notable tech companies in this year's list include Google parent Alphabet in ninth, Microsoft in 15th, and Facebook in 34th.

Top Rated Comments

Phone Junky Avatar
8 months ago
Apple is doomed.
Score: 4 Votes (Like | Disagree)
travelsheep Avatar
8 months ago
$57.4 billion in profit .. me thinks we pay a bit too much then... this money is used for nothing other than flexing
Score: 4 Votes (Like | Disagree)
CarpalMac Avatar
8 months ago

Honest question; does Walmart have any subsidiaries? Not a U.S resident, so I can't imagine how they make so much money.
Just a couple.

https://en.wikipedia.org/wiki/List_of_assets_owned_by_Walmart
Score: 2 Votes (Like | Disagree)
BornAgainMac Avatar
8 months ago
Walmart was a shock to me over Apple and Amazon.
Score: 2 Votes (Like | Disagree)
Freeangel1 Avatar
8 months ago
It was That expensive 6 Grand to 40 Grand Mac Pro that put that revenue up there!
Also the $550 Headphones.
and the $700 optional wheels for the 6 to 40 Grand Mac Pro.
Score: 2 Votes (Like | Disagree)
doboy Avatar
8 months ago
All thanks to me since I upgraded some of my devices :)
Score: 2 Votes (Like | Disagree)

Related Stories

fortnite apple featured

Epic Games vs. Apple Trial Begins With Opening Remarks Underway

Monday May 3, 2021 9:05 am PDT by
The first day of the bench trial between Fortnite creator Epic Games and Apple is officially underway, with the companies delivering opening remarks before District Judge Yvonne Gonzalez Rogers in a Northern California courtroom. The saga dates back to August 2020, when Apple removed Fortnite from the App Store after Epic Games introduced a direct payment option in the app for its in-game...
fortnite samsung

Apple Says Epic Games 'Wants Us to Be Android, But We Don't Want to Be'

Monday May 3, 2021 5:43 pm PDT by
The highly-anticipated Epic Games vs. Apple trial kicked off today in a federal court in Oakland, California, with lawyers for both companies delivering opening remarks before District Judge Yvonne Gonzalez Rogers. Lawyers for Epic Games attempted to paint the App Store as anti-competitive and monopolistic, noting that developers are forced to use Apple's in-app purchase system, and thus pay ...
fortnite apple featured

Apple Earned Over $100 Million From Fortnite

Wednesday May 19, 2021 12:02 pm PDT by
Apple collected more than $100 million in revenue from the 30 percent cut that it takes from Fortnite in-app purchases, according to testimony provided by App Store gaming business development head Michael Schmid, who shared the detail in the ongoing Epic v. Apple trial. As noted by Bloomberg, Schmid offered the $100 million figure as a rough estimate, and declined to provide a specific...
fortnite apple featured

Apple's Phil Schiller Takes the Stand in Epic Games v. Apple Trial

Monday May 17, 2021 12:17 pm PDT by
Today marked the kickoff of the third week of the Epic Games v. Apple trial, and this week is notable because Epic has finished with its witnesses and we're now transitioning to Apple witnesses, including notable Apple executives. Apple Fellow and former marketing chief Phil Schiller, who is in charge of the App Store, took the stand today. Schiller will testify for up to nine hours, and...
app store blue banner

App Store Ecosystem Responsible for Estimated $643 Billion in Billings and Sales in 2020, According to Apple-Commissioned Study

Wednesday June 2, 2021 10:00 am PDT by
The App Store ecosystem facilitated an estimated $643 billion in billings and sales in 2020, an increase of 24 percent year-over-year, according to an Apple-commissioned study done by Analysis Group economists. [PDF] The study, "A Global Perspective on the Apple App Store Ecosystem," comes as Apple awaits a decision in its ongoing trial with Epic Games, much of which focused on App Store...
apple 2q21 line

Apple Reports 2Q 2021 Results: $23.6B Profit on $89.6B Revenue, Record Mac and Services Revenue

Wednesday April 28, 2021 1:38 pm PDT by
Apple today announced financial results for its second fiscal quarter of 2021, which corresponds to the first calendar quarter of the year. For the quarter, Apple posted revenue of $89.6 billion and net quarterly profit of $23.6 billion, or $1.40 per diluted share, compared to revenue of $58.3 billion and net quarterly profit of $11.2 billion, or $0.64 per diluted share, in the year-ago quarter...
iphone 12 launch apple store

Apple Forecasted to Report Record-Breaking Quarter Next Week With Revenue Topping $100 Billion

Thursday January 21, 2021 7:59 am PST by
Apple is set to report its earnings results for the first quarter of the 2021 fiscal year on Wednesday, January 27, and many analysts forecast that the company's quarterly revenue will exceed $100 billion for the first time. Apple's currently quarterly revenue record is $91.8 billion, set in the first quarter of the 2020 fiscal year. In an investor note shared with MacRumors, Monness Crespi...
apple show time event banner

Apple to Report Q2 2021 Earnings Results on April 28

Wednesday March 31, 2021 8:00 am PDT by
Apple has announced that it will report its earnings results for the second quarter of the 2021 fiscal year on Wednesday, April 28. The earnings report should be released at 1:30 p.m. Pacific Time, followed by a conference call at 2:00 p.m. Pacific Time with Apple's CEO Tim Cook and CFO Luca Maestri to discuss the results in more detail. The earnings report will provide an overview of...

Popular Stories

iPhone 14 Mock pill and hole thumb

ProMotion Now Expected to Remain Exclusive to iPhone 14 Pro Models, Not Expand to Entire Lineup

Sunday January 16, 2022 8:56 am PST by
Continuing the tradition set with the iPhone 13 Pro, only the highest-end iPhone 14 models will feature Apple's ProMotion display technology, according to a respected display analyst. Ross Young, who on multiple occasions has detailed accurate information about Apple's future products, said in a tweet that ProMotion will not be expanded to the entire iPhone 14 lineup and will remain...
AirPods Pro Gen 3 Mock Feature Red

AirPods Pro 2 Could Start a New Accessory Ecosystem

Friday January 14, 2022 2:34 am PST by
Apple's second-generation AirPods Pro could arrive alongside a new series of accessories, recent leaked images suggest. Alleged leaked photos of the next-generation AirPods Pro obtained by MacRumors showed a charging case with a metal loop on the side for attaching a strap. Apple has not used this design for any of its other AirPod models and it is unclear why it would be added in this...
Unlikely Products 2022 Feature

Six Rumored Apple Products You're Unlikely to See This Year

Saturday January 15, 2022 2:06 pm PST by
Much has been said about what consumers could see from Apple in 2022, but the company is also working on a handful of rumored products that aren't expected to be unveiled for at least another 12 months, and in some cases a lot longer. Of course, that's assuming they get released at all. Apple works on many potential products some of which ultimately never see the light of day. With that in...
safari icon blue banner

Safari Bug Allows Websites to Track Your Recent Browsing Activity in Real Time

Sunday January 16, 2022 3:37 pm PST by
A bug in WebKit's implementation of a JavaScript API called IndexedDB can reveal your recent browsing history and even your identity, according to a blog post shared on Friday by browser fingerprinting service FingerprintJS. In a nutshell, the bug allows any website that uses IndexedDB to access the names of IndexedDB databases generated by other websites during a user's browsing session....
ipad air 4 video

New iPad Air Rumored to Launch This Spring With A15 Chip, 5G, Center Stage Camera, and More

Saturday January 15, 2022 8:05 pm PST by
Apple is planning to release a fifth-generation iPad Air with similar features as the sixth-generation iPad mini, including an A15 Bionic chip, 12-megapixel Ultra Wide front camera with Center Stage support, 5G for cellular models, and Quad-LED True Tone flash, according to Japanese blog Mac Otakara. Citing reliables sources in China, the report claims that the new iPad Air could be...
netflix2

Netflix Again Raises Prices for All Plans, 4K Streaming Now $20 Per Month

Friday January 14, 2022 12:46 pm PST by
Netflix today updated the prices for its streaming plans, and all of its offerings are now more expensive. The Basic plan is now priced at $9.99 per month, the Standard plan is priced at $15.49 per month, and the Premium plan is priced at $19.99 per month. The Basic plan is $1 more expensive, up from $8.99 per month. This plan allows users to watch on just one screen at a time, and it limits ...
top stories 20220115

Top Stories: iPhone 14 Pro Rumors, iCloud Private Relay Controversy, iOS 15.2.1 Released, and More

Saturday January 15, 2022 6:00 am PST by
Hole-punch? Pill? Hole-punch and pill? Rumors about what the front camera system on the iPhone 14 Pro will look like are evolving rapidly, and it now appears we might be getting a novel but potentially controversial design later this year. Other major stories this week included some confusion and controversy about iCloud Private Relay being disabled for some T-Mobile customers, increasing...
iPhone 14 Mock pill and hole 16x9 120hz

Analyst: All iPhone 14 Models to Feature 120Hz Displays, 6GB of RAM, and More

Friday January 14, 2022 7:02 am PST by
Apple is rumored to announce four new iPhone 14 models in September, and ahead of time, analyst Jeff Pu has outlined his expectations for the devices. In a research note with Haitong International Securities, obtained by MacRumors, Pu claimed that all iPhone 14 models will feature ProMotion displays, compared to only Pro models currently. ProMotion enables a variable refresh rate up to 120Hz ...