Apple Earns Title of World's Most Profitable Company on Fortune Global 500 List

Discussion in 'Mac Blog Discussion' started by MacRumors, Jul 20, 2017.

  1. MacRumors macrumors bot

    MacRumors

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    In June, Apple was ranked as #3 on the 2017 Fortune 500 annual list of the top U.S. corporations based on gross revenue. Today, the Fortune Global 500 rankings have been released, using the same data collected in the earlier rankings but expanding it and adding in companies on a global scale, resulting in a list that shares the 500 largest companies in the world.

    Apple sits at #9 on the list in terms of total revenue, a spot it retains from 2016, and having climbed from #15 in 2014 and 2015. Where Apple sits above all other companies is in the profits category, earning the title of the most profitable company in the world with an annual profit of $45.6 billion. Apple earned the top spot despite a 14.4 percent drop in its annual profits compared to the previous year.

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    Rounding out the top 5 slots below Apple are all banks based in China: Industrial and Commercial Bank of China ($41.8 billion), China Construction Bank ($34.8 billion), Agricultural Bank of China ($27.6 billion), and Bank of China ($24.7 billion). Further down the most profitable rankings are Alphabet at #9 ($19.4 billion), Samsung Electronics at #10 ($19.3 billion), and Microsoft at #13 ($16.7 billion).

    Apple's profile on the Fortune Global 500 ranking includes a chart of its history on the list, including its origins at #422 in overall revenue back in 1995, its dropping off of the list from 1998 to 2005, and its peak growth to #9 in 2016. Otherwise, Apple's profile includes the same quote as its Fortune 500 ranking, describing a company that "appeared to hit a wall" this past year with iPhone sales.

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    Lackluster iPhone sales contributed to an overall revenue decline for Apple throughout much of 2016, but now it's predicted that the company will see a noticeable uptick in sales thanks to the launch of a significantly redesigned "iPhone 8," expected to be announced and debut this fall.

    Article Link: Apple Earns Title of World's Most Profitable Company on Fortune Global 500 List
     
  2. jonnysods macrumors 601

    jonnysods

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    Sweet. I have 7 stocks and I'm rich I tells ya.
     
  3. Relentless Power, Jul 20, 2017
    Last edited: Jul 20, 2017

    Relentless Power macrumors G5

    Relentless Power

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    Apple earned it. They are profitable because They make the best products available to the consumer. With there core standards and practices over the years, there is a reason they are at the top.
     
  4. Michaelgtrusa macrumors 604

    Michaelgtrusa

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    How did most here earn this money, look into this.
     
  5. 2010mini macrumors 68040

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    Interesting.... because most of the posts here state the opposite.
     
  6. Relentless Power macrumors G5

    Relentless Power

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    So you're saying Macrumors comments determine Apple's success rate being profitable based off a discussion forum? Gotcha.
     
  7. iReality85 macrumors 6502

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    It's notable that all of the Top 8 Profitable are large banks, except for Apple.
     
  8. fourthtunz macrumors 6502a

    fourthtunz

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    Banks, which produce nothing !
     
  9. boast macrumors 65816

    boast

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  10. Constable Odo macrumors 6502

    Constable Odo

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    Profits are nice, but the FANG stocks are far more highly valued on Wall Street than Apple will ever be. Apple may be the most profitable but most of the greedy big investors are betting on Amazon and Alphabet to be more profitable than Apple over the next few years, so Apple is pretty much considered a has-been company. Apple gets a lot of high ratings but it doesn't help stabilize Apple's higher volatility nor does it translate to a higher P/E. Apple negativity is still coming at a record rate. They say a lot of consumers like Apple but Wall Street doesn't see it that way. All Wall Street sees is a company with very limited growth potential. All the pundits see is a company in dire need of new products that can rival the iPhone in revenue (which is highly unlikely because the smartphone is every person's go-to device). Apple isn't cheating with a high market cap based on a high P/E. Apple is really making that money. That seems to be a huge drawback now that Apple can't seem to grow more revenue.

    I'll never understand why Apple is hated by critics more than Smith & Wesson or Colt Arms. It makes no sense to me, at all.
     
  11. melendezest, Jul 20, 2017
    Last edited: Jul 20, 2017

    melendezest macrumors 68000

    melendezest

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    Apple makes money OFF the consumer.

    So combine their high prices with Apple consumer willingnes to pay whatever Apple says and you have a win for Apple.
    --- Post Merged, Jul 20, 2017 ---
    Because both Colt and Smith & Wesson weapons take standard ammo, don't come with less slots for bullets than the previous model, and they still make revolvers. ;)
     
  12. doelcm82 macrumors 68040

    doelcm82

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    #12
    Apple still makes computers with revolving hard drives.
     
  13. MrX8503 macrumors 68000

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    Everyone knows that Apple's profits is inversely proportional to negative posts here.
     
  14. apolloa macrumors G3

    apolloa

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    #14
    Apart from tons and tons and tons of money. The world is run by banks and governments because they have all your money.

    ------------------

    This news is just in time for the £1100 Plus iPhone 8!
     
  15. 2010mini macrumors 68040

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    Well everyone knows Armchair CEOs are more knowledgeable than anyone else. :p
     
  16. melendezest macrumors 68000

    melendezest

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    Yet no real "pro" machines...that's what the "revolver" reference was for. A classic that's improved but not fundamentally changed. An old Mac Pro with Dual Graphics card capability, TB3/USBC, current Bluetooth and other wireless tech, etc would fit that description.
     
  17. Naraxus macrumors 6502

    Naraxus

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    More like because they dodge taxes at every opportunity, practice planned obsolescence with obsolete-before-they-hit-market computers, use sweatshop labor to make said products on the cheap among other practices....
     
  18. nt5672 macrumors 65816

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    Or as they teach people at Harvard, are milking their brand and intellectual property to produce the most profits regardless of the effect on future sales. Without sales there are no profits. Now that won't happen tomorrow, but unless they pop something really new, and quickly the handwriting is on the wall for all to see.
     
  19. Matthmaroo macrumors newbie

    Matthmaroo

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    Most of the bitter people are just annoyed that apple products are not the price of low to mid tier android phones

    With no mention of the stellar support that's 4x longer then android for OS updates
     
  20. Olganech macrumors regular

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    #20
    Who is bitter? At the end of the day Apple's popularity will drop and people will move on to something else.

    It happed with IBM, Sony and Nokia to name a few and it will happen with Apple.

    People will get bored and move on.
     
  21. dmylrea macrumors 68000

    dmylrea

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    $45B in profit. That just makes me want to walk into our local Apple Store and just throw $100 bills in the air for them to keep...sort of like when I bought my last iPhone 7 from them.
     
  22. diegov12 macrumors member

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    Apple was the biggest tax payer in the US last year…
     
  23. blacktape242 macrumors 65816

    blacktape242

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  24. Rocketman macrumors 603

    Rocketman

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    I personally feel the posters here have never taken a business class. Apple's success guarantees they will be there for the next few years. There is value in that TO THE CONSUMER well beyond price. The value you get from a good vastly exceeds the price. That's why you buy.
     
  25. Analog Kid macrumors 68040

    Analog Kid

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    I know you're not espousing this theory, but I just can't subscribe to it in any formulation. Being the second or third most profitable company in the world doesn't make them a has-been. It doesn't mean they're failing. It's not the beginning of the end. It's not the inevitable result of their lack of innovation.

    That's not business thinking, or wise investment, it's the logic of a 12 year old. "You came all this way to compete and only won a silver medal after losing by just a hundredth of a second, you must be crushed." No, they're the second best athlete in the world and a slight forward lean from being the best, that's freaking amazing. For some reason people ascribe excessive weight to the number 1 spot even if the distinction in performance is negligible.

    Invest on revenue, gamble on growth.
     

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