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Apple jumps to 56th in Fortune 500 rankings

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.


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By Electronista Staff
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  1. lkrupp

    Junior Member

    Joined: May 2001

    +6

    On the Apple train...

    I jumped on the Apple train, drank the Koolaid, basked in the RDF way back in 1982. It's been a wild ride to say the least over the last 28 years but I'm still glad I did. I used to feel victimized by the trolls, bashers, and haters. Now I just laugh and pity them. They may not realize it but they jumped on the Apple train too, only they are being dragged behind the caboose kicking and screaming, bruised and battered. They too have had a wild ride, in a bad way that is.

  1. iphonerulez

    Dedicated MacNNer

    Joined: Nov 2008

    +6

    Apple should be up another 20 positions

    by this time next year. Apple stock is certainly on a tear.

  1. gudin

    Fresh-Faced Recruit

    Joined: May 2000

    +9

    er.....

    Doesn't this measure the companies by revenue and not by "size" or am I misreading the chart? Also when you say "size" what do you mean? Number of employees? Sq. footage of office space?

    I believe Apple's market cap paints and even much better picture for Apple. Apple has a larger market cap than google and walmart now. I think they are in third place. (MSFT and Exxon are ahead)

  1. testudo

    Forum Regular

    Joined: Aug 2001

    0

    Re: er

    But market cap is really just a measure of a company's view by stockholders, brokers, analysts, etc, as it is completely driven by the stock price. And as we all know, the price of a stock need not actually indicate the health, well-being, or even the worth of a company (for example, back 10 years ago, Apple's market cap was less than the actual value of the company).

  1. tsmelker

    Fresh-Faced Recruit

    Joined: Feb 2006

    +3

    Well said, lkrupp...

    I, too, jumped on the Apple bandwagon in 2002, after years of being a Windows loyalist- and I've never looked back! And you're so right- the pundits can never understand Apple. The better Apple and its products do in the market, the more the naysayers hate Apple. It boggles their mind that a company with such a low 'market share' has not only not died out, but continues to grow in popularity, product loyalty and acceptance, and cash reserve. They just don't get it. They can argue and spit and fume and detract and vociferate and pontificate- and their efforts only prove my point. I know- I used to be one of them.

    One of my favorite sayings was taken from an Apple recruitment advertisement in the San Jose Airpot during Apple's struggling years (before Steve Jobs came back and turned things around): "There will always be skeptics. There will always be disbelievers. And there will always be Apple to prove them wrong."

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