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Apple has ranked fourth in the annual Fortune 500 list of the largest companies in the United States by revenue, with $260.1 billion revenue in the 2019 fiscal year, trailing Walmart, Amazon, and ExxonMobil.
Mighty Apple dipped a smidge in 2019, both in terms of sales, down 2% to $260 billion, and in its ranking, from No. 3 to No. 4. The computer and phone maker's ability to make money cushioned the blow. Apple earned $55 billion. Three categories tell the story of Apple's sales doldrums. iPhone sales, 55% of Apple's total, fell 14%. Increases in sales of services like streaming and subscriptions, 18% of the total, grew 16%. And wearables (AirPods and Watches) and other non-phone accessories (iPods, HomePods, and Beats products) leapt 41%, but account for only 9% of the pie.
Apple has now ranked in the top five for seven consecutive years, although it dropped one spot after finishing third in 2019. Other notable tech companies in this year's list include Google parent Alphabet in 11th, Microsoft in 21st, and Facebook in 46th.

Article Link: Apple Ranks Fourth in Annual Fortune 500 List of America's Largest Companies
 

dilbert99

macrumors 68020
Jul 23, 2012
2,190
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ouch, figures will be down this year too due to covid-19

I predict a barrage of two sides coming in this thread...
 

Rogifan

macrumors Core
Nov 14, 2011
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29,229
The company I work for dropped to #7 because CVS moved into the top 5. I’m surprised Exxon is still up there.
 

calzon65

macrumors 6502a
Jul 16, 2008
942
3,560
COVID-19 is going to play havoc with this list. Let's see where we are 6 to 12 months from now.
 

amartinez1660

macrumors 65816
Sep 22, 2014
1,303
1,206
Why not list the top 3 earnings as well? Disappointing article

“(...) with $260.1 billion revenue in the 2019 fiscal year, trailing Walmart, Amazon, and ExxonMobil (...)”
[automerge]1589813231[/automerge]
I find it interesting that of all the mentioned ones, Facebook being up there is crazy. I understand Amazon, ExxonMobil, Microsoft, Apple and others bringing A LOT of tangible and physical value via gadgets, productivity, fuels, etc... but Facebook? It still feels so much like selling air.
Of course it’s valuable for it to be there, but I still can’t really see it at that level. For sure even the big players (the same ones mentioned before) rely on its ad and marketing machine, but what are the chances of some of these numbers being overinflated?
 
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ksec

macrumors 68020
Dec 23, 2015
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The list is sort by Revenue. If you sort it by Profits, Apple is no 2 in US.

It will be interesting to see Fortune Global 2000. Normally the list should be out now, but likely the pandemic has caused some delay.

It is also worth mentioning, Apple has the potential to chanallge the number 2 spot in revenue. But Walmart is still double their size. I wonder if some day Apple could grow so big that will even surpass Walmart in revenue.
 

Carnegie

macrumors 6502a
May 24, 2012
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Who's #1?

Based on GAAP reporting, it’s Berkshire Hathaway. But that’s only because of recent changes to how GAAP handles changes in the value of equity holdings. It isn’t a good way to consider profits for a company like Berkshire. Warren Buffett has made much the same point himself. One quarter Berkshire might - by GAAP - report huge profits and the next it might report huge losses, mostly because of what happens with stock prices.
 
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FightTheFuture

macrumors 68000
Oct 19, 2003
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that town east of ann arbor
Meanwhile, the US stock market opens *up* 3%, as the Fed also issues dire warnings on the economy. WE ARE INSANE.
All because of Powell’s 60 minutes remark that economic recovery was possible after the second half of the year... days after be stated there was permanent damage to the economy.

Waking up to green screens and rolling my eyes has become commonplace for me.
 

Stevie jobz 2.0

macrumors regular
Jul 20, 2019
199
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I think they need to change the word "largest", that suggests physical size. All the money in the world doesnt make you large. One man could own one large diamond mine etc.!!
In terms of physical size, employees, shops, factories, etc etc. Actual things that mean largest, I'd bet apple is no where near the top 50.

Apple has 137k employees, Walmart has 2.2 million!!! That is size!!!!
 

twolf2919

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Aug 26, 2014
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I think they need to change the word "largest", that suggests physical size. All the money in the world doesnt make you large. One man could own one large diamond mine etc.!!
In terms of physical size, employees, shops, factories, etc etc. Actual things that mean largest, I'd bet apple is no where near the top 50.

Apple has 137k employees, Walmart has 2.2 million!!! That is size!!!!

Whose impact is greater? 137k employees, most earning a living wage or 2.2 million employees, most needing a 2nd job to get by? Not trying to start an argument - just pointing out the apples-oranges comparison. Besides, those 137k jobs don't count the millions of jobs created and supported by the App Store.
 

Stevie jobz 2.0

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Jul 20, 2019
199
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Whose impact is greater? 137k employees, most earning a living wage or 2.2 million employees, most needing a 2nd job to get by? Not trying to start an argument - just pointing out the apples-oranges comparison. Besides, those 137k jobs don't count the millions of jobs created and supported by the App Store.
You do realise that about 127 of the 137k are shop .workers dont you.. earning a living wage... oh and a lot of the jobs created as a side effect are the less than living wage factory jobs in china.
And if we use the devs earning money via the play store, then surely we have to include all the manufacturers and food producers that earn a good living by providing goods to be sold in the Walmart stores.. apple to oranges? Nope, apples to Expensive apples.... Apple are primarily a retail company!!!! Just a hell of a lot smaller than most of the others...
 

twolf2919

macrumors 6502
Aug 26, 2014
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You do realise that about 127 of the 137k are shop .workers dont you.. earning a living wage... oh and a lot of the jobs created as a side effect are the less than living wage factory jobs in china.
And if we use the devs earning money via the play store, then surely we have to include all the manufacturers and food producers that earn a good living by providing goods to be sold in the Walmart stores.. apple to oranges? Nope, apples to Expensive apples.... Apple are primarily a retail company!!!! Just a hell of a lot smaller than most of the others...

Yes, I know that most of the Apple employees were relatively low-wage store workers. The average Apple store employee makes $2/hr more than the average Walmart worker.

Your statement about another side effect being less-than-living wage factory jobs in China is just plain ignorant. First of all, you seem to be totally oblivious to the fact that Walmart's products are created in even worse sweat shops in China (and elsewhere) than are Apple products. Second, what do you even know about what a 'living wage' is in China? Sure, that Foxconn worker's salary wouldn't come close to paying for your first-world living expenses, but how do you know it doesn't pay for theirs?

Lastly, I mention the App Store because Apple created it, maintains it, and there are millions of programmers making a good living off this *distinct* Apple service. In the sense that they're getting paid by Apple via the checks Apple sends them, they're employees. They would not exist without the App Store. You suggest that if we count the App Store, one should also count Walmart's suppliers' work. No one should not - Apple also has manufacturing suppliers - you even mentioned those factory workers yourself. I didn't count those because they're not getting a paycheck from Apple - they're getting one from their factory employers.
 
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Stevie jobz 2.0

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Jul 20, 2019
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Yes, I know that most of the Apple employees were relatively low-wage store workers. The average Apple store employee makes $2/hr more than the average Walmart worker.

Your statement about another side effect being less-than-living wage factory jobs in China is just plain ignorant. First of all, you seem to be totally oblivious to the fact that Walmart's products are created in even worse sweat shops in China (and elsewhere) than are Apple products. Second, what do you even know about what a 'living wage' is in China? Sure, that Foxconn worker's salary wouldn't come close to paying for your first-world living expenses, but how do you know it doesn't pay for theirs?

Lastly, I mention the App Store because Apple created it, maintains it, and there are millions of programmers making a good living off this *distinct* Apple service. In the sense that they're getting paid by Apple via the checks Apple sends them, they're employees. They would not exist without the App Store. You suggest that if we count the App Store, one should also count Walmart's suppliers' work. No one should not - Apple also has manufacturing suppliers - you even mentioned those factory workers yourself. I didn't count those because they're not getting a paycheck from Apple - they're getting one from their factory employers.

...and.




Breathe.......
 
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sideshowuniqueuser

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Mar 20, 2016
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Meanwhile, the US stock market opens *up* 3%, as the Fed also issues dire warnings on the economy. WE ARE INSANE.
It's because company profits are only partly due to the growth of the economy. These days, profits are massively pushed up by the growth in the ratio of corporate benefits to citizen benefits that the government legislates. For example, the virus had been used as an excuse to argue for things like lowering the minimum wage and other costs to corporations, which if implemented, massively boost the profits, even in a declining economy, and thus pushing up the stock prices.

The ratio of corporate benefits to citizen benefits has been growing fast and furious for the last 40 years. And thus we have a situation where citizens are struggling to get by, government debt balloons to the ridiculous, and yet the stock market zooms to newer heights. 60 years ago, back when America was "Great", a wage was all you needed, but now, all the wealth is in profits, not wages, so you only get ahead if you own a big enough share of companies. Which is of course what happens if things like the minimum wage keeps dropping. What we have now is citizen "capitalism", but corporate "capitalism/socialism" - when all is going well, the corporations bloom (capitalism), but when it goes bad, the tax payers bail out the corporations (welfare/socialism). But no matter how good or bad things are, there is very little bailing out of the citizens (only capitalism, very little socialism). There is a growth of people starting to realise this, and thus someone like Bernie Sanders has risen to fame. However, the rich and powerful don't want that change, and keep fighting against it, and they own all the major media, and thus they own the messaging that gets into most people's heads, and thus we aren't yet ready to actually make America "Great" again.
 
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sideshowuniqueuser

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Mar 20, 2016
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“(...) with $260.1 billion revenue in the 2019 fiscal year, trailing Walmart, Amazon, and ExxonMobil (...)”
[automerge]1589813231[/automerge]
I find it interesting that of all the mentioned ones, Facebook being up there is crazy. I understand Amazon, ExxonMobil, Microsoft, Apple and others bringing A LOT of tangible and physical value via gadgets, productivity, fuels, etc... but Facebook? It still feels so much like selling air.
Of course it’s valuable for it to be there, but I still can’t really see it at that level. For sure even the big players (the same ones mentioned before) rely on its ad and marketing machine, but what are the chances of some of these numbers being overinflated?
Facebook ads are massive now. You can't sell something if people don't know it exists. So even if you are a producer of something that is tangible and useful, you NEED advertising, and you need a lot of it. And FB is one of the BIG players in advertising.
 
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