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 1:27:25 PM
You don't seem to have a good grasp of the term "open source" and what it entails in this case. Open source and being able to run arbitrary binary programs are two completely different things. You seem to be deciding they're the same and vaguely calling them both "open". I've seen very little evidence of carriers "tinkering" with the source code, and they really have no reason to as they can run everything they want to run without doing that.
What's being abused by the carriers in almost all cases is the ability to run any program they choose, and this could happen with open or closed source operating systems. Go back to my Windows example. You wouldn't call Windows "open source", would you? And yet: lots of pre-installed crapware.
The part about Google divesting itself from Android... I could see that happening in the way Charlie Kindel describes. I don't feel like it's a sure thing, but it's an interesting possibility.
RE: I don't understand...
5/10/2012 1:59:00 PM
I am talking about the OS being open for other parties to tinker with in this case, yes. It is a huge negative for Android IMHO, especially given that so many solutions for issues I see are to either run vanilla Nexus devices or to root the device yourself. Carriers and hardware vendors are one factor that gets in the way of a better experience.
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