According to the latest Fortune Global 500 survey, Apple has moved up to number 19 thanks to its financial performance throughout 2012. The Cupertino California company was able to collect $157 billion in revenue in 2012, which likely what played a big role in their ability to move up a whopping 36 spots. Both the iPhone 5 and the iPad mini were credited for the company’s success over the last year. In the company’s description, Fortune says Apple has done “anything but slow down.” The following was said about Apple:
Apple is bigger than ever — cracking the Fortune 10 for the first time and moving up 36 spots in the Global 500. The company has done anything but slow down. The introductions of the iPhone 5 and the 7-inch iPad Mini helped propel the tech giant’s revenues up from $108 billion in 2011 to $157 billion last year. In a surprising move, Apple reportedly may shift some of its manufacturing from long-standing Taiwanese partner Foxconn to Pegatron, a smaller competitor, in an effort to balance out its supply chain.
Source: Fortune via Cult of Mac