updated 10:50 am EDT, Thu April 15, 2010
Still well behind HP, Microsoft, Dell
Apple has lept ahead significantly in this year's Fortune 500 list, rising from 71st place to 56th. The chart ranks American companies in terms of size, and as of March 26th the company was estimated to have a market value of close to $209.4 billion. Its assets are said to be valued at over $53.8 billion, and revenues have climbed 12.5 percent since last year to sit at more than $36.5 billion. Profits are disproportionately higher, up 18 percent to about $5.7 billion.
The company continues to sit well behind some other technology corporations however, including HP at 10th place, IBM at 20th, Microsoft at 36th and Dell at 38th. All four of those businesses have in fact suffered slight setbacks in Fortune rankings, most prominently IBM, which previously held a spot at 14th. The top 9 companies begin with Walmart in first place, followed by oil giants Exxon and Chevron, and then General Electric, Bank of America, ConocoPhillips, AT&T, Ford and JP Morgan.