Shell, Exxon, Wal-Mart take top three spots
Apple has slotted into 55th place in an annual update of Fortune's Global 500 list. The ranking is based on data from the 2011 fiscal year, which in Apple's case includes $108.249 billion in revenue, with a profit of $25.922 billion. Notably Apple has risen a massive 56 spots, having held 111th place last year. Apple is also said to have achieved $116.371 billion in assets, and $76.615 billion in stockholder equity.
Apple Fortune 500 ranking
For the third year in a row, Apple has continued a slow escalation up the ranks of Fortune's Global 500. The list ranks the world's biggest 500 corporations in terms of revenues and profits; in the 2008 list Apple now sits at 337th, with revenues of over $24 billion, and profits nearing $3.5 billion. It is flanked by Canada's Bank of Nova Scotia, and France's Alstom. In the 2007 list Apple took 367th place, while in 2006 it barely managed to break in at 492nd.