Fortune magazine released their Fortune 500 list, which is an annual survey of the largest companies in the United States, ranked by revenues. If you remember correctly Apple was ranked 17 on last year’s list, but has moved all the way up to the 6th position this year, making it the highest-ranking technology company on the list.
This is slightly surprising considering Apple’s stock turmoil and skepticism from Wall Street this past year. Nonetheless it is great to see, and you can read what Fortune had to say about Apple below.
Apple is bigger than ever — the company cracked the Fortune 10 this year. But it’s a high-pressure job, being king of the hill. At Apple’s press event this past October, it maintained more than disrupted with its software upgrades and iPad mini announcement. Also, this past year has seen a lot of CEO Tim Cook having to apologize — once in September for the failure of Apple’s maps app, and then to Chinese consumers this April for slow repair services — this in a market that Cook said this past January would be Apple’s largest. Still, when every executive wants to invent the iPod of ___, Apple remains an innovation icon.
Some other notable points to this years Fortune 500 list is that Facebook made it on this list for the first time and took the 482nd spot. Wal-Mart took the top spot in this years list, beating out ExxonMobil, followed closely by Chevron, Philips 66 and Berkshire Hathaway.