“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.
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