Apple Moves Up to 56th in Fortune 500 Rankings
Fortune today released its 2010 list of Fortune 500 companies, ranking the United States' largest companies by revenues. Apple placed 56th in this year's rankings, up from 71st in last year's edition. Apple's 2009 revenues of approximately $36.5 billion were enough to place it one spot ahead of Disney, which features Apple CEO Steve Jobs as its largest individual shareholder.
With 2009 profits of $5.7 billion, Apple also ranked 26th overall by that metric. And in the Computers and Office Equipment category, Apple ranked third behind Hewlett-Packard and Dell according to revenue. Apple also scored highly in several other categories, including easily taking the top spot in shareholder returns over the past five years with an average return of 45.6%.
Wal-Mart topped this year's list, displacing Exxon Mobil at the head of the pack. One of those two companies has led the rankings every year since Exxon Mobil grabbed the top spot from General Motors in 2001.
Popular Stories
Apple recently announced that Tim Cook will be stepping down as CEO later this year, after 15 years of leading the company.
Effective September 1, Apple's hardware engineering chief John Ternus will become the company's next CEO, while Cook will become executive chairman of Apple's board of directors. In his new role, Apple said Cook will assist with "certain aspects" of the company,...
While the iPhone 18 Pro and iPhone 18 Pro Max are not launching until September, there are already plenty of rumors about the devices.
It was initially reported that the iPhone 18 Pro models would have fully under-screen Face ID, with only a front camera visible in the top-left corner of the screen. However, the latest rumors indicate that only one Face ID component will be moved under the...
While not too much has been reported about the next Apple Watch models, there are a few rumors about potential design changes and watchOS 27 features.
Apple Watch Series 12 and Apple Watch Ultra 4 models are expected to be released in September, and we have outlined some of the key rumored hardware and software changes below. A new Apple Watch SE is not expected this year, as that model was...
