updated 11:34 am EDT, Mon May 6, 2013
Facebook makes first appearance on list
Business magazine Fortune has released the 2013 edition of its list of the 500 biggest corporations in the US. One of the most significant shifts in the list is the ascendancy of Apple, which has jumped from 17th place to sixth, breaking into the top 10 for the first time. Fortune comments that while the company has "maintained more than disrupted" its product line, and even had to apologize for iOS 6 Maps and its Chinese warranty services, it "remains an innovation icon."
Walmart has retaken the top position in the 500, with revenues of $469.2 billion, and profits just under $17 billion. Other companies in the top 10 include Exxon Mobil, Chevron, Phillips 66, Berkshire Hathaway, General Motors, General Electric, Valero, and Ford.
Some other high-tech companies on the list include AT&T at 11th, HP at 15th, Verizon at 16th, Microsoft at 35th, and Amazon at 49th. Facebook, notably, has made it into the Fortune 500 for the first time, ranked 482nd.