Fortune Global 500: Apple up 36 spots to #19

In the Fortune Global 500, companies are ranked by total revenues for their respective fiscal years ended on or before March 31, 2013. Revenue figures include consolidated subsidiaries and reported revenues from discontinued operations, but exclude excise taxes. For banks, revenue is the sum of gross interest income and gross noninterest income. For insurance companies, revenue includes premium and annuity income, investment income, realized capital gains or losses, and other income, but excludes deposits.

The employees figure shown is either a fiscal year-end or yearly average number, as published by the company. Where the breakdown between full- and part-time employees is supplied, a part-time employee is counted as one half of a full-time employee.

Rank. Company: Revenues ($b), Profits ($mm)

1. Royal Dutch Shell: 481.7, 26.6
2. Wal-Mart Stores: 469.2, 17.0
3. Exxon Mobil: 449.9, 44.9
4. Sinopec Group: 428.2, 8.2
5. China National Petroleum: 408.6, 18.2
6. BP: 388.3, 11.6
7. State Grid: 298.4, 12.3
8. Toyota Motor: 265.7, 11.6
9. Volkswagen: 247.6, 27.9
10. Total: 234.31, 3.7

19. Apple: 156.5, 41.7

Apple is bigger than ever — cracking the Fortune 10 for the first time and moving up 36 spots in the Global 500. The company has done anything but slow down. The introductions of the iPhone 5 and a the 7-inch iPad Mini helped propel the tech giant’s revenues up from $108 billion in 2011 to $157 billion last year. In a surprising move, Apple reportedly may shift some of its manufacturing from long-standing Taiwanese partner Foxconn to Pegatron, a smaller competitor, in an effort to balance out its supply chain. – Fortune, Global 500

Full list here.


        1. It’s all about perceptions. Despite the usual MDN fanboyism, Apple has slowed down appreciably. From 60% growth, to 40% growth, to perhaps 15-20% growth this year, with, for the first time in many years, less profit last quarter than the one YOY.

          In addition, with Apple, over the years, making it clear that they will go from one major new product line to another new one every few years, to the question of whether they will be able to continue doing that, the market’s faith in Apple has been shaken.

          And as we are told constantly that the market is rational (I’ll tell you a secret if you promise not to tell anyone—it’s not), when the stock ran down late last year, it was believed that that was the beginning of the end. Actually, it ran down back then because hedge funds, and other investment entities had loaded up on Apple to the fullest extent they could, by their charters, and when the word came out that Obama would significantly raise dividend and long term capital gains taxes (he didn’t!), there was a big selloff so they wouldn’t have to pay those increased taxes. That lead to a longer term selloff, and with the changed perception of Apple’s long term growth now in question, we’ve ended up where we are.

          It bothers me a lot too, because I have a fairly large amount of Apple stock.

  1. But if one were to sort that list by actual profit, our Apple would be No. 2, right behind the Exxon-Mobil oil giant. As we know, Exxon-Mobil’s days are numbered (as their source of profit will be literally depleted fairly soon), Apple has a solid chance of taking the top spot in the world by profits (just as it was, and will probably soon be again, largest by market cap).

    1. If Exxon-Mobile profits are numbered, then Apple as well. All tech, clothing, lubricants, energy, and medical are all directly related to oil. As oil consumption falls the price will go up as the cost to produce is the same. Just as water rationed will ultimately cause the price per unit to rise to offset the loss in volume to the same expense to produce.

      Oil will not disappear, it will simply go up in price and spread out among all products it is based on. Unfortunate as it is, oil is required even to produce ” clean energy” as it devices are produced by machines that run from oil or has lubricants directly produced from the substance.

      No end game around that commodity.

      1. Plenty of alternative end-game sources, which will very quickly have to be pressed into service.

        The power of oil lobby of today simply prevents any meaningful research and development of commercial-level production of alternative options. It will have to come. As the commodity rapidly becomes scarcer and scarcer (and its price becomes significantly higher and higher) the economics of such research will also quickly become obvious and we will eventually get much more efficient batteries (for electric-based propulsion), less expensive fully synthetic lubricants and plant-based combustible fuel for situations where no other energy source would work.

        Eventually, the planet will learn how to live without fossil fuels. In the end, it might even have some unintended benefits (diminishing the global power and economic might of oil-producing lands of the Middle-East…).

        1. Burning fossil fuels is also horrendous for the environment and hydrogen which could replace every single energy use of fossil fuels is literally sitting in the oceans awaiting someone setting up offshore collectors. The byproduct of burning hydrogen with oxygen is water. Burning hydrogen in the air still produces nitrogen based by products but those are already present in burning any other fuel source with air.

          We could do this now if we wanted to put resources behind setting up collection platforms, a distribution system and convert engines to burn hydrogen.

          Running out of oil if it ever did happen might make plastics and lubricants and other oil by products more expensive but it would have zero long term effects on the availability of energy, only short term effects.

      2. Plastic is never going away – it’s basically the most versatile and futuristic material in existence, and can never be completely replaced every one its countless uses. The amount of oil used to create plastics can be reduced slowly over time – plastic can be replaced by biodegradable materials in a limited number of its uses, and recycled and reclaimed plastics can be used more – but there will still always be a need for oil to synthesize plastic.

        Oil as an energy source, however – its days are numbered. Long overdue, really, given oil’s well known disastrous environment impacts and all the other technologies available for generating energy. Lobbyist and politician scumbags do all they can to slow down its inevitable decline, though.

  2. Too bad Wall St. is too preoccupied with hating AAPL to see that the company is firing on all cylinders and has a hot turbocharger installed and humming.

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