Apple retain its 5th position in Fortune's Annual 500 ranking

6/04/2015 Ahsan Zafar , Apple 0 Comments

Fortune has shown its annual Top 500 list of corporation in United States based on gross revenue, which as a whole is $12.5 trillion in revenues, $945 billion in profit and in market value $17 trillion. Apple retain its 5th position for consecutive year after steadly rising from 6th place in 2013, 17th place in 2012 , was at 35th place in 2010 and was at 56th postion back in 2010.

"After a bumpy start to 2014, Apple's stock finished the year up 40%, adding nearly $200 billion to the company's market value. A product pipeline that's gotten Apple fanboys lining up all over again has certainly helped reenergize revenue growth: In addition to unveiling new categories like Apple Pay and Apple Watch, the company launched the iPhone 6, selling a record-breaking 10 million units in the first three days. As CEO Tim Cook recently told investors: "It's tough to find something in the numbers not to like." The normally low-profile Cook is breaking new ground in other ways too—in October, 2014 he came out as the first openly gay CEO of a Fortune 500 company."

Fortunes says that iPhone and Mac are the two main power for companies strenght, While decreasing iPad sales and Customers high expectations are playing negative role.

Apple recorded operating revenue of $182.79 billion during the 2014 fiscal year, a 7% year-over-year increase. Walmart, Exxon Mobil, Chevron and Berkshire Hathaway topped the list with between $194.6 and $485.6 billion revenue, although it's worth noting that Apple finished ahead of all four of those companies with $39.5 billion in profit and recently posted two record-breaking quarters.

Via MacRumors