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

3 Oil Companies are in the top 4 spots !
but I really expect the bubble to blow up and apple would be like RIM and kodak
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
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.
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?
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 $0.66 per gallon!
You're confusing Exxon with 7-Eleven bro.
I disliked your comment, because RIM is a good company. It's just not for kids who want to game on their phones -.-' kids these days.
You tell the people the same thing enough times and they start believing it. The last time I checked there was no micro sd slot in the iPhone.
- Now you know exactly who rips you off the most...
Evil evil apple... God forbid they make a profit. God forbid they put a product on the market that Samsung, Dell and Toshiba would sell their grandma for...
Sorry to break the news. We are studying Apple in business school. Harvard Business Review has over a dozen articles that use Apple as a positive case. I know, because we are reading them.
They make a good product and it sells - no smoke, no magic.
All the hate on this forum is ridiculous. Some of it is well founded in logic, but a lot of it is just misguided hate.... it reminds me that people love to tear down anything/anyone successful.
so putting together a 200$ 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.
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...
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
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?