Apple jumped 38 spots to No. 121 (Previous rank: 159) on Fortune’s annual listing of the top 500 US corporations.
Apple’s revenue rose 38% over 2005 to hit $19.315 billion. On March 23, 2007, Apple’s market value stood at $80,602.6 billion.
Apple owned the #4 slot in Fortune’s industry breakdown (Computers, Office Equipment) after Hewlett-Packard (revenue $91.658 billion), IBM ($91.424 billion), and Dell ($57.095 billion).
See the full list here.
[Thanks to MacDailyNews Reader “Another Irish Dude” for the heads up.]
Related articles:
Fortune’s Top 20 Most Admired Companies, Innovation: Apple #1 – again – March 05, 2007
Apple Computer No. 1 on Fortune’s ‘Most Admired for Innovation 2006’ list – March 14, 2006
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And now AAPL’s market cap is some 35% higher than DELL’s. My, how the worm hs turned!
I think Steve deserves a 100% salary increase
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So, is it a one-slot advance for each percentage point? What happens if Apple lands on a square with a snake instead of a ladder?
Can someone please explain exactly why Apple would rank behind Dell?
“Apple’s market value stood at $80,602.6 billion.”?!?!?!!
Isn’t Eighty Thousand Billion enough to buy the moon from the Soviet’s that are running Hollywod?
They rank behind Dell because the revenue was 19.315 Billion for Apple while Dell was 57 Billion. The ranking is not of Market Value.
The list is based on revenue, not profits. That means that if you’re selling lots of cheap crap at very low margins, you’ll look better than a company with higher margins but lower volume. Yes, the list is meaningless.
The list is based on revenue, not profits. That means that if you’re selling lots of cheap crap at very low margins, you’ll look better than a company with higher margins but lower volume.
Top position: Walmart Stores.
No further commentary necessary…
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If memory serves, Apple was also the fastest company from start-up to Fortune 500 in American history. At least at the time it made the list for the first time.
Not sure if any company has ever topped that, anyone know?
~M
Anyone else wonder what’s up with United Air Lines (UAL, just above Apple)? Revenue of 19+ billion, profit of 22+ billion. What did they sell off last year, or did all the flight attendents give money back?
>sd
Maybe they pulled a Northwest and cut all flight attendants pay in half, got rid of any retirement and cut their travel reimbursement in half.