• Apple Takes 15th Spot Again on Fortune's Global 500 Rankings

    Apple has again taken the 15th spot on Fortune’s annual Global 500 rankings this year. Fortune noted that the reason behind taking the spot again was the success of the iPhone 6/6 Plus sales and new product categories. According to Fortune, they come up with their list by tallying up the yearly revenue of some of the world’s biggest corporations.

    The Cupertino-based company apparently earned almost $183 billion in revenue this year, which was almost a 7% increase from last year. It was also noted that Apple’s profits increased 6% this year and earned $39.5 billion in profits. The fiscal year ended before March 31, 2015.

    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.
    Wal-mart took the #1 spot and Korean-based company and rival Samsung, came in #13, two spots ahead of Apple. Samsung was reported to have earned $195 billion in revenue for 2015, which isn’t surprising as they operate on a lot more product categories. As for Wal-mart, they earned $485.7 billion in revenue, which is more than two times that of Apple’s hence, their number 1 spot.

    Other big companies found in the top 10 are petroleum companies like Exxon Mobil, Sinopec, and Shell. Take a look at the full report in the source link below.

    Source: Fortune
    This article was originally published in forum thread: Apple Takes 15th Spot Again on Fortune's Global 500 Rankings started by Akshay Masand View original post
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