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Apple Drops to #4 Spot in Annual Fortune 500 Rankings

Cloudkicker said:
Oh-ho-ho. The irony of this reply.
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Meaning? You accusing me of having undying love of Apple? If so then you make the fundamentally fatel mistake of assuming because I'm calling out folk's errors in thinking the figures presented in this thread mean Apple has problems, that I've not also called them out esewhere.

I've been very vocal here on MR about what I perceive Apples problems to be, and they're numerous and awful in places. So, if you want to accuse me of something without being fully armed with the facts then please, be my guest because I can't stop you.

You'd be wrong but I don't think that matters to you.
 
Baymowe335 said:
Well, at least you were only completely wrong on 2 out of 3. They did introduce the higher priced iPhone X.

Worked pretty well all and all with all time highs in the stock, record revenues, and record profits in both Q1 and Q2 of F2018.

Check the numbers to avoid looking silly.
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Please stick to your own advise:

https://www.apple.com/newsroom/pdfs/q2fy15datasum.pdf
https://www.apple.com/newsroom/pdfs/Q2_FY18_Data_Summary.pdf

Although offering more phone models than ever, Apple sold significantly less units than they did three years ago (Q2 2015: 61,170 vs. Q2 2018: 52,217). The higher ASP compensated for most of that in revenues (Q2 2015: $40,282 vs. Q2 2018: $38,032) but the recent record revenues are mainly driven by growth in Services and Other Products.

Therefore his first two points are absolutely correct. If referring only to iPhone purchasers the third one could be, too, but isn’t necessarily since Apple might have gained customers in the aforementioned sectors.
 
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rom3o said:
Please stick to your own advise:

https://www.apple.com/newsroom/pdfs/q2fy15datasum.pdf
https://www.apple.com/newsroom/pdfs/Q2_FY18_Data_Summary.pdf

Although offering more phone models than ever, Apple sold significantly less units than they did three years ago (Q2 2015: 61,170 vs. Q2 2018: 52,217). The higher ASP compensated for most of that in revenues (Q2 2015: $40,282 vs. Q2 2018: $38,032) but the recent record revenues are mainly driven by growth in Services and Other Products.

Therefore his first two points are absolutely correct. If referring only to iPhone purchasers the third one could be, too, but isn’t necessarily since Apple might have gained customers in the aforementioned sectors.
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I’m fully aware of the 2015 outlier in iPhone sales.

Apple has more active devices today than in 2015, including 270M paid subscribers, also an all time high. That means NOT fewer customers. Think all the people that bought iPhones switched to Android?

Apple has more and customers year after year.

Apple is moving more toward services, which is why you see the multiple expanding as iPhone unit sales become less important. The iPhone 6 was simply pent up demand for larger screen iPhones, giving them record unit sales.

Don’t confuse selling fewer iPhones compared to an outlier year as fewer customers. They are all customers and the overall trend is up if you normalize that one year. It was just an insane year for unit sales.

ASPs are much better, further proving the brand’s pricing power.

You are making the same mistake many wall street analysts make in focusing on a given year’s unit sales. Since they are moving to services, everyone that has a iPhone, regardless of when purchased, is a customer continually spending money. The stock is at an all time high because people’s are realizing customers don’t leave and they keep spending money. They’ll also eventually upgrade the hardware.

He said sales and sales = revenues in the finance world. Revenues have never been better and the more devices sold, the more services and the better the story becomes. As Cook says, looking at a 90 day stopwatch on unit sales is why so many missed the ride to $190. It just doesn’t matter as much now.
 
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Baymowe335 said:
You are making the same mistake many wall street analysts make in focusing on a given year’s unit sales. Since they are moving to services, everyone that has a iPhone, regardless of when purchased, is a customer continually spending money. The stock is at an all time high because people’s are realizing customers don’t leave and they keep spending money. They’ll also eventually upgrade the hardware.
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True. Until if/when you leave the Apple ecosystem. What would be nice is if Apple expands their so-called services to be more platform agnostic. Granted, I wouldn't use any of them, but it would be nice to have that option.
 
Geardo_Ranger said:
I definitely think it could be done. Looking at the shipments of 1Q17 it states that 4,217 (Thousands of Units) of macs were sold. That would be 4,217,000 units. If we take into consideration a low average estimate of 1,000 US dollars per sale and subtract the actual cost per unit for Apple, I believe it could easily be done. Especially if they can get to the double digits in growth.

https://www.gartner.com/newsroom/id/3676117

gartner_1Q17_global.jpg
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I wouldn’t say “easily” - with those numbers Apple would need to nearly double their yearly Mac sales to make up the extra $13B
 
oux said:
1. Walmart creates modern day slavery.
2. Exxon doesn't take responsibility for their messes.
3. And the third one...never heard of it, real estate? so probably some shady business jacking up prices to make unaffordable housing.

What services do they do again?
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If you don't know the number 3, I have nothing in common with you...
 
If their products don't start improving they will be 10.

MacRumors said:



apple-logo-gray.jpg
After retaining the #3 spot on the Fortune 500 list for the past two years, in 2018 Apple has dropped one place and now sits at #4 on the list of the top U.S. corporations based on gross revenue. Apple's displacement on the list came due to Exxon Mobil rising from #4 in 2017 to #2 in 2018.

The full top five spots were Walmart at #1, Exxon Mobil at #2, Berkshire Hathaway at #3, Apple at #4, and UnitedHealth Group at #5. Other technology companies on the list include Amazon at #8, AT&T at #9, Verizon at #16, Alphabet at #22, and Microsoft at #30.

Fortune broke down Apple's spot on the list, mainly citing the "overall saturation of smartphones" as a potential reason for the company's inability to rise higher in the rankings. Fortune discussed similar problems for Apple in the company's profile last year, stating at the time that "Apple finally appeared to hit a wall" in reference to its reliance on iPhone sales.

fortune-500-2018.jpg
Going back eight years, Apple's previous rankings include 5th place in 2015 and 2014, 6th place in 2013, 17th place in 2012, 35th place in 2011 and 56th place in 2010. This year marks 24 years that Apple has been on the Fortune 500 list, with $229.2 billion of revenue and $48.3 billion of profits in the 2017 fiscal year. Although it lags behind the companies in revenue, Apple still beats the top three Fortune 500 companies in terms of annual profits, with Walmart at $9.9 billion, Exxon Mobil at $19.7 billion, and Berkshire Hathaway at $44.9 billion.

Article Link: Apple Drops to #4 Spot in Annual Fortune 500 Rankings
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people are slowly ditching apple computers and going back to windows. Software in recent years is quite a buggy experience. Most of the advanced features are removed and pro apps canceled. Nowadays, you must subscribe to use an app.
 
The amount of people butthurt about Mac Mini's is staggering... I bet the thing sells like crap if they ever release another one.
 
Margins are too high putting pressure on revenues. I remember the 17" Macbook Pro was at $3400 as some point. Sales dropped like a stone.
 
I love the irony that Berkshire Hathaway own a 5% stake in Apple! Some of these companies are only umbrella organisations that have so many huge names that should really be separated out if you want a real idea of how WELL apple is doing despite the terrible iPhone offerings available right now.
 
alexgowers said:
I love the irony that Berkshire Hathaway own a 5% stake in Apple! Some of these companies are only umbrella organisations that have so many huge names that should really be separated out if you want a real idea of how WELL apple is doing despite the terrible iPhone offerings available right now.
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Berkshire Hathaway is the original Umbrella Corporation. Buffett is also long Walls Fargo, fined a $billion for illegal activities. Spot on again, about the terrible iPhone offerings. Only Umbrella would be waiting around for the new generation of glass to break at $400 a pop to repair.
 
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hmmm...
Although Apple sells very limited amount of products, its half of almost all products sold by Walmart all year long multiple countries, and its more than everything that Amazon sells?

thats amazing... or margins are incredibly high.
 
Two spots on the top 10 revenue list are health insurers. But yeah, let's go ahead and blame the doctors for all problems in healthcare.
 
The comments on this article remind me of the parable about the blind man describing an elephant. It isn't about understanding elephants, it's all about what you feel.
 
Frobozz said:
I’m sorry, what is “McKesson” and how is a company I’ve never heard of make so much money?
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A pharmaceutical drug company.........where several pharmacies order their drugs from? You would probably only know if you ever worked in the health fields or at least a pharmacy that orders drugs from McKesson.
 
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