An iPhone sales slump couldn’t stop Apple from climbing up to third in the 2016 Fortune 500 list. The Cupertino company raked in $233.7 billion last year, helping it overtake both Chevron and Berkshire Hathaway.
Last year, Apple was ranked 17th in Fortune’s annual list of public U.S. corporations as ranked by their gross revenue. This year? Despite Wall Street skepticism that has seen share prices tumble, Apple is now ranked number 6 in the Fortune 500. Boom.
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’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.