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 is set to "significantly change" the iPhone's design language later this year, according to a Weibo leaker.
In a new post, the user known "Digital Chat Station" said that the iPhone's design is "starting to change significantly" this year. The "iPhone 17 Air" reportedly features a "horizontal, bar-shaped" design on the rear, likely referring to an elongated camera bump. On the other...
Apple today introduced the iPhone 16e, its newest entry-level smartphone. The device succeeds the third-generation iPhone SE, which has now been discontinued.
The iPhone 16e features a larger 6.1-inch OLED display, up from a 4.7-inch LCD on the iPhone SE. The display has a notch for Face ID, and this means that Apple no longer sells any iPhones with a Touch ID fingerprint button, marking the ...
The first iOS 18.4 beta for iPhones should be just around the corner, and the update is expected to include many new features and changes.
Bloomberg's Mark Gurman expects the iOS 18.4 beta to be released by next week.
Below, we outline what to expect from iOS 18.4 so far.
Apple Intelligence for Siri
Siri is expected to get several enhancements powered by Apple Intelligence on iOS...
In a social media post today, Apple CEO Tim Cook teased an upcoming "launch" of some kind scheduled for Wednesday, February 19.
"Get ready to meet the newest member of the family," he said, with an #AppleLaunch hashtag.
The post includes a short video with an animated Apple logo inside a circle.
Cook did not provide an exact time for the launch, or share any other specific details, so...
Over the years, Apple has switched from an aluminum frame to a stainless steel frame to a titanium frame for its highest-end iPhones. And now, it has been rumored that Apple will go back to using aluminum for three out of four iPhone 17 models.
In an investor note with research firm GF Securities, obtained by MacRumors this week, Apple supply chain analyst Jeff Pu said the iPhone 17, iPhone...
Apple released the HomePod mini in November 2020, followed by the AirTag in May 2021, and both still remain first-generation products.
Fortunately, rumors suggest that both the HomePod mini and the AirTag will finally be updated at some point this year.
Below, we recap rumors about the HomePod mini 2 and AirTag 2.
HomePod mini 2
In January 2025, Bloomberg's Mark Gurman said Apple is ...
Apple will begin selling new MacBook Air models featuring its latest M4 chip by March "at the latest," mirroring the time frame of the M3 MacBook Air launch last year, according to Bloomberg's Mark Gurman. Apple last updated the MacBook Air line in March 2024.
Gurman's comments appeared in his latest Power On newsletter, suggesting the reporter is no further forward on learning the exact...
YouTube channel Front Page Tech today revealed the alleged design of Apple's widely-rumored "iPhone 17 Air" model, set to launch later this year.
"iPhone 17 Air" render created by @zellzoi for Front Page Tech
In a video uploaded today, Front Page Tech shared renders depicting what it believes is likely the final design of the "iPhone 17 Air." The device is expected to feature an ultra-thin...
