Sign in with
Sign up | Sign in

Apple Joins the Top 20 Companies On Fortune's Fortune 500

By - Source: CNN Money | B 28 comments

Apple has broken the top 20 on Fortune's Fortune 500 list, jumping 18 spots since 2011's list was released.

With shares at nearly $570 per piece (up from $347.60 this time last year) and a market cap of $532.50 billion, there's talk of shares reaching $1000 in the next year or two. However, despite the fact that Apple is worth more than rivals Google and Microsoft combined, the company still isn't one of the top dogs on Fortune's famous Fortune 500 list.

Apple has ranked at 17 on this year's Fortune 500 list, leaving IBM, Microsoft, Dell, Intel, Amazon, Cisco, Google, and Oracle in its wake. Revenue of over $108.2 billion was enough to push Apple up 18 spots over its position last year (number 35). However, the company has yet to crack the top ten and while it may have left many notable tech companies in the dust, there are still a couple that are ahead of Apple.

HP, for example, and its revenue of $127.2 billion sits at number 10, while AT&T and Verizon sit at 11 and 15, respectively. AT&T's revenue sits at $126.7 billion while Verizon's is listed at $110.8 billion.

If you leave revenue aside for a moment and want to talk about pure profits, the list looks quite different. Apple's near $26 billion in profits would place it at number three with Microsoft close behind. The Redmond-based company's $23 billion in profits would be enough to snag it the number four spot. IBM would just make the top 10 list for profits, slipping in at number nine with 15.8 billion, while Intel would just miss out, placing 12th on the list. Google would place at number 18, while HP, which enjoyed 10th place on the list when comparing revenues, would place at number 24.

Check out the full Fortune 500 list here.

Follow @JaneMcEntegart on Twitter.           

Discuss
Ask a Category Expert

Create a new thread in the News comments forum about this subject

Example: Notebook, Android, SSD hard drive

This thread is closed for comments
Top Comments
  • 21 Hide
    subaru41 , May 8, 2012 7:48 PM
    I just had the same reaction to this article as I did when the front page of Yahoo stated that Justin Beiber was the top selling music artist. the reaction was " Wow, there are sure of a lot of stupid people in this world. Who would buy this crap?"
  • 14 Hide
    freggo , May 8, 2012 6:49 PM
    Anyone wonder why we pay so much for gas ?
    3 Oil Companies are in the top 4 spots !
Other Comments
  • -6 Hide
    madooo12 , May 8, 2012 6:43 PM
    really! this shows that apple fanboys outnumber geeks by a very large number

    but I really expect the bubble to blow up and apple would be like RIM and kodak
  • Display all 28 comments.
  • 7 Hide
    Steelseries , May 8, 2012 6:46 PM
    Regardless of whether or not you are an Apple fanboy (personally, I'm a Droid man), you have to admit they are an impressive company. They deliver quality products which are also visually appealing.
    They may be overpriced in comparison to their counterparts, but when you look at how they apply marketing to create a huge hype over something so simple, they deserve recognition
  • 14 Hide
    freggo , May 8, 2012 6:49 PM
    Anyone wonder why we pay so much for gas ?
    3 Oil Companies are in the top 4 spots !
  • -6 Hide
    buckcm , May 8, 2012 7:24 PM
    freggoAnyone wonder why we pay so much for gas ?3 Oil Companies are in the top 4 spots !


    Exxon is the only one of those oil companies to beat Apple in profit. High revenue doesn't mean they overcharge.
  • 21 Hide
    subaru41 , May 8, 2012 7:48 PM
    I just had the same reaction to this article as I did when the front page of Yahoo stated that Justin Beiber was the top selling music artist. the reaction was " Wow, there are sure of a lot of stupid people in this world. Who would buy this crap?"
  • 6 Hide
    Anonymous , May 8, 2012 7:54 PM
    freggoAnyone wonder why we pay so much for gas ?3 Oil Companies are in the top 4 spots !


    That is a good point. So why is the 3 oil companies having one of the best years on profit and US gas prices are one of the highest ever? I hear this bull crap that there is a shortage, but if that was true, wouldn't their profits be way down, and more news on shortages of fuel?
  • -4 Hide
    rosen380 , May 8, 2012 8:02 PM
    freggoAnyone wonder why we pay so much for gas ?3 Oil Companies are in the top 4 spots !


    Well, look at it this way-- Exxon was way above everyone else in terms of profit at $41B... but their profit on gasoline is all of SEVEN CENTS per gallon. Just think about that. They could dig up, refine and transport every drop of gasoline at cost and it would save you all of a buck or so per fill-up.

    To put that in perspective, your state and federal governments take between $0.36 and $0.66 per gallon!

  • 7 Hide
    fulle , May 8, 2012 10:24 PM
    rosen380Well, look at it this way-- Exxon was way above everyone else in terms of profit at $41B... but their profit on gasoline is all of SEVEN CENTS per gallon. Just think about that. They could dig up, refine and transport every drop of gasoline at cost and it would save you all of a buck or so per fill-up.To put that in perspective, your state and federal governments take between $0.36 and $0.66 per gallon!



    You're confusing Exxon with 7-Eleven bro.
  • 6 Hide
    USHypertraxx , May 8, 2012 11:31 PM
    madooo12really! this shows that apple fanboys outnumber geeks by a very large numberbut I really expect the bubble to blow up and apple would be like RIM and kodak

    I disliked your comment, because RIM is a good company. It's just not for kids who want to game on their phones -.-' kids these days.
  • 4 Hide
    del35 , May 9, 2012 1:27 AM
    " They deliver quality products which are also visually appealing."

    You tell the people the same thing enough times and they start believing it. The last time I checked there was no micro sd slot in the iPhone.
  • -1 Hide
    sundragon , May 9, 2012 3:19 AM
    Oh boy, bring on the Apple hate... The legions of anti Apple comments to come :) 
  • 3 Hide
    randomkid , May 9, 2012 4:42 AM
    "If you leave revenue aside for a moment and want to talk about pure profits, the list looks quite different. Apple's near $26 billion in profits would place it at number three with Microsoft close behind. The Redmond-based company's $23 billion in profits would be enough to snag it the number four spot. IBM would just make the top 10 list for profits, slipping in at number nine with 15.8 billion, while Intel would just miss out, placing 12th on the list. Google would place at number 18, while HP, which enjoyed 10th place on the list when comparing revenues, would place at number 24."

    - Now you know exactly who rips you off the most...
  • -3 Hide
    sundragon , May 9, 2012 4:49 AM
    randomkid"If you leave revenue aside for a moment and want to talk about pure profits, the list looks quite different. Apple's near $26 billion in profits would place it at number three with Microsoft close behind. The Redmond-based company's $23 billion in profits would be enough to snag it the number four spot. IBM would just make the top 10 list for profits, slipping in at number nine with 15.8 billion, while Intel would just miss out, placing 12th on the list. Google would place at number 18, while HP, which enjoyed 10th place on the list when comparing revenues, would place at number 24."- Now you know exactly who rips you off the most...



    Evil evil apple... God forbid they make a profit. God forbid they put a product on the market that Samsung, Dell and Toshiba would sell their grandma for...

    Sorry to break the news. We are studying Apple in business school. Harvard Business Review has over a dozen articles that use Apple as a positive case. I know, because we are reading them.

    They make a good product and it sells - no smoke, no magic.

    All the hate on this forum is ridiculous. Some of it is well founded in logic, but a lot of it is just misguided hate.... it reminds me that people love to tear down anything/anyone successful.
  • 0 Hide
    bigdog44 , May 9, 2012 5:25 AM
    If you look at another measure,such as profit margin, Microsoft would be ranked #1 @ around 67%...
  • 3 Hide
    alidan , May 9, 2012 5:40 AM
    sundragonEvil evil apple... God forbid they make a profit. God forbid they put a product on the market that Samsung, Dell and Toshiba would sell their grandma for...Sorry to break the news. We are studying Apple in business school. Harvard Business Review has over a dozen articles that use Apple as a positive case. I know, because we are reading them.They make a good product and it sells - no smoke, no magic. All the hate on this forum is ridiculous. Some of it is well founded in logic, but a lot of it is just misguided hate.... it reminds me that people love to tear down anything/anyone successful.


    so putting together a 200$ product and than over charging the crap out of it,
    tieing it to one company, the worst one in america, assuming you they are getting large kick backs for that
    locking the crap out of the phone
    making the phone hell to manage anything on
    you are holding it wrong
    price fixing investigation on ebooks,
    look at what they charge for more ram

    yea, they are a great company for being able to sell that pos in the quantities they are, but i will NEVER say they are a good company by consumers.

    this is not a company you should ever look at in a positive light.
  • 0 Hide
    bigdog44 , May 9, 2012 5:53 AM
    By comparison, Apple would only have a Profit Margin of 24%, while Exxons would only be 9%...
  • 1 Hide
    randomkid , May 9, 2012 7:07 AM
    Quote:
    Evil evil apple... God forbid they make a profit. God forbid they put a product on the market that Samsung, Dell and Toshiba would sell their grandma for...

    Sorry to break the news. We are studying Apple in business school. Harvard Business Review has over a dozen articles that use Apple as a positive case. I know, because we are reading them.

    With you us our future generation of businessmen, I really get nervous for the consumers... :pt1cable: 
  • -1 Hide
    madjimms , May 9, 2012 7:24 AM
    Guys complaining about gas prices being so high.... If it was lower, people would simply use more gas making the price go up because demand would go up & vice versa... Also, remember there is a finite amount of crude oil... If the oil companies didn't ration it out over several centuries we would end up with a BIG mess. Expect gas to rise (fairly) slowly over the next hundred years as we deplete the remaining.
  • 0 Hide
    rosen380 , May 9, 2012 12:43 PM
    "You're confusing Exxon with 7-Eleven bro."

    I'm sure the stations also make pretty little per gallon-- but Google 'Exxon 7 cents' and you'll find loads of pages with the source material...

    http://money.cnn.com/2011/04/29/news/companies/big-oil-gas-price-response/index.htm
  • -1 Hide
    Steelseries , May 9, 2012 12:57 PM
    Quote:
    " They deliver quality products which are also visually appealing."

    You tell the people the same thing enough times and they start believing it. The last time I checked there was no micro sd slot in the iPhone.


    Because the lack of one or two features means its not a quality product right?
Display more comments