Apple ranks fifth on Fortune 500 list

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Tim Cook is looking to bring Apple to Iran
Tim Cook's got a lot to be happy about.
Photo: Apple

After climbing up the Fortune 500 rankings the past few years, Apple is standing firm in the No. 5 spot it reached last year.

Walmart grabbed the top spot, followed by oil giants Exxon and Chevron, with Apple hanging in thanks to strong iPhone and Mac sales, although
Fortune noted slumping iPad sales are a point of concern.

Google Named Best Employer In Fortune 500 – Apple Doesn’t Even Make The List

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Fortune may value Apple, but apparently not as an employer
Fortune may value Apple, but apparently not as an employer

Apple made it into the top 20 companies on the Fortune 500, nabbing 17th place – an impressive feat for a company that ranked at number 71 just three years ago. When it comes to ensuring a happy workforce, however, Apple didn’t measure up to Fortune’s standards.

Fortune’s list of the 20 best employers drawn from its list the 500 top companies was published over the weekend. Apple didn’t make the list, though some of its competitors did. One of them actually topped the list – Google.

Apple Skyrockets Into Fortune 500 Top 20

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Apple breaks into Fortune 500 top 20
Apple breaks into Fortune 500 top 20.

Apple’s explosive success since the launch of the iPad has helped propel the company higher up the ladder of of the Fortune 500. This year the company broke into the top 20 – nabbing the number 17 spot.

The higher ranking shows consistent growth by Apple – last year the company broke into the top 50 to land at number 35. In 2010 and 2009, the company scored 56 and 71 respectively.