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Thread: Apple Ranked at Number 19 in Recent Fortune Global 500 Survey

  1. #1
    MMi Staff Writer Akshay Masand's Avatar
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    Default Apple Ranked at Number 19 in Recent Fortune Global 500 Survey


    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.
    Apple was the third-highest consumer electronics manufacturer in the rankings with Samsung (14th place) and Phillips (16th place) being the two companies which led the pack. The company still maintains a strong lead over its rival, Microsoft, which sits in 110th place. The top five companies on the survey were Royal Dutch Shell in the number one spot, with Wal-Mart, Exxon Mobile, Sinopec Group and China National Petroleum rounding up the second, third, fourth, and fifth spots respectively.

    Source: Fortune via Cult of Mac

    Twitter: @AkshayMasand

  2. #2
    is this a sign of losing the grip or an act of rebuilding itself

  3. #3
    Quote Originally Posted by JeremiahSantos View Post
    is this a sign of losing the grip or an act of rebuilding itself
    According to the website, Apple's previous rank was 55.. So i believe it's an act of rebuilding itself

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