Apple has moved up to number 19 in the latest Fortune Global 500 survey thanks to its financial performance throughout 2012, which saw the Cupertino company collect $157 billion in revenue. The iPhone 5 and the iPad mini have been credited for its success over the past 12 months.
Apple was ranked number 55 in last year’s Global 500 survey, which means it has moved up 36 spots this year. In its description of the company, Fortune says Apple has done “anything but slow down”:
Apple is bigger than ever — cracking the Fortune 10 for the first time and moving up 36 spots in the Global 500. The company has done anything but slow down. The introductions of the iPhone 5 and a the 7-inch iPad Mini helped propel the tech giant’s revenues up from $108 billion in 2011 to $157 billion last year. In a surprising move, Apple reportedly may shift some of its manufacturing from long-standing Taiwanese partner Foxconn to Pegatron, a smaller competitor, in an effort to balance out its supply chain.
Royal Dutch Shell was ranked number 1 in this year’s survey, while Wal-Mart, Exxon Mobil, Sinopec Group, and China National Petroleum take up the second, third, fourth, and fifth spots respectively.
Apple is the third-highest consumer electronics manufacturer in the table, with Samsung in 14th, and Phillips in 16th. It has a strong lead over arch rival Microsoft, however, which sits in 110th place.