Apple Makes Top 10 of Fortune 500 List for the First Time

Fortune 500Fortune Magazine just released their list of the top 500 companies in the world, ranked by revenue. This includes retail giants like Wal-Mart, oil companies like Exxon Mobil, and car manufacturers like General Motors. Although Apple always makes the list of top 500 companies, this year marks the first time that the iPad maker has stepped into the spotlight of the top 10.

According to Fortune’s list, Apple ranks number six with $156.5 billion in revenue and $41.7 million in profits. Last year, the company ranked number 17, which is nothing to sneeze at.
Apple replaced Hewlett-Packard as the only tech company in the top 10. HP dropped five spots from 10 to 15. This is more evidence that tablets in general, and the iPad specifically, is poised to take over as the household-computing device in the near future.

Microsoft held steady, moving up two spots to number 35 this year, while dell dropped from 44 to 51. Google saw the biggest jump on the Fortune 500 list, moving up 18 spots from 73 to 55. At that rate, Google is definitely one to watch out for in the coming years.

Fortune also reported that total revenue for all Fortune 500 companies was up 2.7 percent, while profits went down by .5 percent. The company noted that HP saw the biggest loss this year at $12.7 billion below last year.

[Via: Businessweek]

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About Lory: Writer of all things app related, traveler of the space-time continuum, baker of really great cookies. Follow me @appaholik