“On its way to the No. 6 spot in this year’s Fortune 500, Apple (AAPL) passed two banks (J.P. Morgan and Bank of America), two car manufacturers (Ford and GM), two carriers (AT&T and Verizon), one PC maker (Hewlett-Packard), one petrochemical company (Valero), one health-care giant (McKesson), one mortgage re-seller (Fannie Mae) and Thomas Edison’s GE,” Philip Elmer-DeWitt reports for Fortune.
“To overtake Wal-Mart, this year’s No. 1, Apple would have to increase its revenues three fold,” P.E.D. reports. “Its profits, however, already exceed those of every other company on the list except Exxon Mobil.”
Read more in the full article here.
Related articles:
2012 Fortune 500 list released: Apple Inc. #17 – May 7, 2012
Apple vaults into top 50 of Fortune 500 – May 5, 2011
Apple shoots up 15 spots to 56th place on 2010 Fortune 500 list of largest U.S. corporations – April 15, 2010
I thought business was about profits not revenue.
I guess you were wrong.
Just a matter of time until Apple fails now.…
Sent from my POS Samdung iPhone wanna be
So, fire Tim Cook, right?
If they fire TIm, the revenge would be to KEEP Ballmer
Fire Cook, hire Ballmer! It would be fun to see him jump around the WWDC stage screaming “Developers, Developers….”
Can’t wait to read how the analysts will twist this into a negative story, like the one last week where the best jobs figures in four years had all the comentators claiming that is really bad news because it could have been better.
I now boldly predict Apple will be #3 by revenue next year and #1 by profits.
Will that equal higher share prices?! Hmmmm?
No.
Actually, yes. The key is that once Jim Cramer starts pumping the stock, start selling yours off. Ride it to the top and when it starts falling, stop selling and wait for the next cycle!
The foregoing comments do not constitute investment advice and are meant solely for the entertainment of frequent MDN readers. Contact a – ahem – competent investment advisor before investing in stocks.
# 6 on Fortune’s and # 1 on Barrons. And stocks rising. So where are the “Apple” fan jerks that were here 4 weeks ago who calling for TC’s ouster?
They weren’t “Apple” fan jerks.” They were samdung fan jerks.
BAIT—but, Apple is Doomed.
The prophets come to bury Caesar, not to praise him. Thus they are away just now, busy working on their speeches; a strong challenge to rhetoricians, this must be—to find ways of identifying raw popularity, strength, and ascension as signs of weakness. Lewis Carroll could have pulled it off, but I don’t think any of these jokers and thieves can. The public, and the enterprise, are clearly not all that stupid. Apple continues to sell to them—big time—despite the admonitions and trickery of what are clearly and blatantly self-interest groups.
That’s my Hannah! Another superlative performance!
So it was a Boojum!
😆
The fact that Apple is not #1 is testimony to how Fortune is a size queen operation.
Not bad for a dying company
Exxon should split itself up. It is so gigantic. Companies always get less efficient with size.