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Apple Smiles at No.35 in Latest “Fortune 500″ Ranking List 2011: Fortune
Apple is still expanding and getting billions of pretty dollars as revenue. Fortune just revealed its annual list of “Fortune 500″ rankings of America’s largest companies by revenue that discloses: Apple jumped 21 stairs this year to smile at no. 35 with over $65 billion revenue.
Apple climbed 21 slots into the top 50 of the Fortune 500 this year. How’d it get there? The company not only continues to expand its reach in existing markets, it also keeps creating new ones.
Take the iPad, which showed the world the power of tablet computing when it was introduced last year. iPad 2 followed, and was one of the most highly anticipated electronic products this year. CEO Steve Jobs‘ appearance at its debut in March reassured shareholders worried about his most recent medical leave. Regardless of who’s in charge, though, investors have plenty of reason to believe Apple‘s magic spell on consumers can continue.
Apple gained a huge profit of $14 billion in 2010 which also made it the 8th most profitable company, climbing up from 26th place. Moreover, Apple has also surpassed Dell in overall revenue collection and has got second place just after HP, Computer and Office Equipment category. Apple also leading that category in profits by a wide margin.
Another interesting spot that Apple has won is its 7th place in world’s biggest hirers of 2010.Apple got this place by hiring 12,600 more employees during last year.
Apple’s averaging annual growth is recorded as 45.8% over the past decade, so Apple also leads the Fortune 500 in this category too.
While Wal-Mart again wins the good name of world’s largest company with $421 billion in revenue, beating Exxon Mobil’s $354 billion figure smiling at second place in Fortune’s latest list of 500 companies doing business worldwide.