Apple ranks fifth on Fortune 500 list

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Tim Cook and Apple might be moving into San Francisco.
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.

If you want an Apple Watch, you’ll probably be trekking to an Apple Store

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Photo:
The second you see an Apple Watch, you'll want one. Photo: Leander Kahney/Cult of Mac

We still don’t know the exact date the Apple Watch will ship, but a new rumor claims you won’t be able to pick one up at BestBuy, Walmart, or other non-Apple Stores at launch.

Apple plans to make its timepiece an Apple Store exclusive, according to German distribution sources who claim resellers will be shut out so Cupertino can suck up as much Apple Watch profits in the first year as possible.

Why the Apple Pay War is doomed

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A war for mobile wallet dominance is on the horizon. Apple Pay. Photo: Jim Merithew/Cult of Mac
A war for mobile wallet dominance is brewing. Photo: Jim Merithew/Cult of Mac

Apple’s mission to replace your wallet with Apple Pay began just last week with support from more than 200,000 stores in the United States, but some merchants have already launched a war against the new payment platform.

Over the weekend, CVS and Rite Aid stores blocked Apple Pay access at their registers, marking the first counterattack in what will likely be a fierce battle to own your digital wallet. Apple Pay’s growth is unprecedented, but the anti-Apple Pay group is backed by a superhero-size team of retail megastores conspiring to make debit and credit card fees extinct. They’ll stop at nothing to see it happen, even it means hurting Apple (or themselves) in the process.

Here’s everything you need to know about the war on Apple Pay and why it’s doomed to fail.

Buy an iPhone 5s for $79 or iPhone 5c for $0.79 at Walmart’s iPhone fire sale

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Screen Shot 2014-08-21 at 9.45.53 AM

It’s that time of year again! The weeks before a new iPhone launch are always marked by big box retailers trying to clear their stock of the soon-to-be-older models at steep discounts.

Right now, that big box retailer is Walmart, who is discounting the 16GB iPhone 5c to just $0.97, and the 16GB iPhone 5s to $79, with a two-year contract.