Fortune 500's 2012 Rankings Place Apple Beneath HP, General Electric
May 7, 2012 6:08 PM
comment(s) - last by
Microsoft is twenty spots behind Apple; HP, Verizon, and AT&T are a bit ahead of it
Apple, Inc. (
), the world's most profitable smartphone maker, may
trample most corporations
in market capitalization (total value of outstanding shares) and profits, but it is relatively far from the top of the latest
Fortune 500 List
for 2012, which ranks companies by adjusted revenue figures.
Apple's $108B+ USD revenue in 2011 was good enough to bump it from 35th to 17th. That's twenty spots ahead of Microsoft Corp. (
) which managed to creep upwards one spot on $69.9B USD revenue fueled by
windfall sales of Windows 7
, the fastest selling operating system in history.
Apple was just a hair ahead of
100+ year veteran International Business Machines
, Inc. (
) which dropped to 19th place from an 18th place showing in 2011.
A record year propelled Apple upwards in the global corporate revenue rankings, but it remains behind a couple tech giants, according to
. [Image Source: Double DT]
America's largest carrier Verizon Communications -- the joint venture between Verizon Communications Inc. (
) and Vodafone Group Plc. (
) -- placed 15th, but
second place rival AT&T
, Inc. (T) came in four spots ahead in 11th, on merits of a more diverse, higher revenue portfolio.
Hewlett-Packard Comp. (
clinging to the world's top spot
in computer sales, and Ford Motor Comp. (
) the bailout-free star of Detroit, Michigan, were #10 and #9 respectively. General Electric Comp. (
, and General Motors Comp. (
were #6 and #5, respectively, in revenue.
Three of the top top four spots were occupied by oil companies with only Wal-Mart Stores, Inc. (
) breaking into the top ten. Wal-Mart was bumped from number one by Exxon Mobil Corp. (
), a company second only to Apple in market capitalization and profit.
This was the Fortune 500 List's 58th year. The list is a yearly feature in
magazine, a publication of Time Warner, Inc. (
). Time Warner pulled no punches --
the former AOL owner's
own rank this year fell from 95th to 103rd.
This article is over a month old, voting and posting comments is disabled
RE: I don't understand...
5/9/2012 12:08:35 AM
Insourcing production though doesn't seem like the right idea.
It isn't. Apple/HP/Dell aside, the poster child for this is IBM spinning off their laptop division to Lenovo. The result has been a resurgence in the company, just look at how their profits exploded since they refocused their business.
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