Apple Enters Fortune 100 for First Time Since 1994

[MacRumors]

As mentioned in a Fortune report, Apple has reentered the top 100 of the Fortune 500 rankings for the first time since 1994, jumping 32 spots from last year's rankings to land at #71 in the 2009 rankings.

Reflecting a strong 2008 in which its earnings — if not its stock price — jumped sharply, Apple (AAPL) this week made its first appearance in the top 100 of the Fortune 500 since Steve Jobs’ return.

Apple has been a Fortune 500 company since 1983, but it fell off the top 100 on Fortune magazine’s list of America’s 500 largest companies in 1995, while Jobs was running NeXT.

The Fortune 500 is an annual listing published by Fortune magazine ranking U.S. companies by gross revenues.

Article Link: Apple Enters Fortune 100 for First Time Since 1994

 

[overanalyzer]

That's a big jump in positions. Is that due more to Apple increasing revenue or other companies declining because of the economy? (I suppose I should read the article...)

EDIT: Yeah, the article makes it pretty clear:

Apple jumped an impressive 32 spots this year to land at No. 71, thanks in part to the declining fortunes of some of the firms that were above it, but mostly to revenues that grew 35.3% to $32.479 billion in 2008.

 

[Veri]

I charge you $500,000,000 for a pen, you charge me $499,999,995 for a spoon. We're now top two in the Fortune 100.

 

[clmason]

I charge you $500,000,000 for a pen, you charge me $499,999,995 for a spoon. We're now top two in the Fortune 100.

Can you pay me for the spoon first. I just have to run to the bank to get the money to pay you for the pen. I'll, be right back, I swear.

 

[jav6454]

I think the iPhone and now well known MacBooks have helped the fruit company reach this now.

 

[Old Muley]

Good job Apple! What's going to be really interesting is to look at this list in a year or two and see where companies like GM & Ford are at.

 

[mags631]

I charge you $500,000,000 for a pen, you charge me $499,999,995 for a spoon. We're now top two in the Fortune 100.

Thus illustrating the point why profit is more important than revenue.

 

[Little HZ]

Can you pay me for the spoon first. I just have to run to the bank to get the money to pay you for the pen. I'll, be right back, I swear.

Hop in my car--I'll give you a ride to the "bank"!

 

[Doctor Q]

Apple is Fortune-ate to be in an industry that hasn't completely dried up.

The question is whether Apple will still enjoy membership in the Fortune 100 when the economy starts picking up again.

 

[gkarris]

(waits for good 'ol Steve Ballmer to say something about this....)

 

[stagi]

Awesome news!

 

[twoodcc]

wow. jumping 32 spots is huge. great job Apple!

 

[MacFly123]

MONEY MONEY MONEY MOOOOONEY!

Now to get MY company in the Fortune 1!

 

[SFStateStudent]

Finally! I was wondering WHEN this day would come again....

 

[gibbz]

Pretty impressive when you consider the number of products they actually sell and the respective market shares.

 

[Bye Bye Baby]

Go Apple.

 

[uaecasher]

Hope they be #1 XD better than Wal-mart

 

[portent]

I charge you $500,000,000 for a pen, you charge me $499,999,995 for a spoon. We're now top two in the Fortune 100.

Wow. You're a publicly traded company, with stock and everything? You lead a complicated life.

 

[gnasher729]

Wow. You're a publicly traded company, with stock and everything? You lead a complicated life.

In that case the SEC would be interested in two companies artificially inflating their revenues. BTW the numbers were off by a factor thousand.

 

[inkswamp]

Apple is Fortune-ate to be in an industry that hasn't completely dried up.

The question is whether Apple will still enjoy membership in the Fortune 100 when the economy starts picking up again.

Scroll back up to post #2 and read the excerpt. It's not just the economy. Apple's revenues increased significantly as well.

 

[Veri]

In that case the SEC would be interested in two companies artificially inflating their revenues. BTW the numbers were off by a factor thousand.

If there's one thing Mary Meeker has taught me, it's that talking firms up and delivering a coup de grace in the form of three invisible zeros is what the last 15 years of PC and new media business has been all about. The next stage, if I recall correctly, is to point out that I have, oh, at least a hundred pens, with buyers for all of them, so I'm still doing pretty darn fine after all.

 

[flottenheimer]

The approach that made it possible:
http://workworkwork.tumblr.com/post/26095922/its-a-shocking-statement-for-a-ceo-to-say