Fortune 500

Apple becomes world’s most profitable company


International governments plan to rethink tax rules for the ‘digital age’
Apple earned more profits than any other company in the world.
Photo: Pixabay/Pexels CC

Apple made more money in the last year than any other company in the world, according to the new Fortune 500 rankings. With annual profits of $57.5 billion, no other enterprise came particularly close, with the nearest rival earning about $8 billion less.

This goes a long way toward explaining why Apple remains the most valuable publicly-traded company in the world.

Apple stays the world’s biggest computer-maker on Fortune Global 500 list


Money on Unsplash
Apple takes in much more revenue than Samsung, Dell, HP and other rivals.
Photo: Pepi Stojanovski/Unsplash

Apple pulls in far more revenue than any other computer maker, which puts it at the top spot in that category on the 2020 Fortune Global 500 list.

However, there’s not quite enough revenue to place the iPhone maker in the top 10 of the full list.

U.S. iPhone growth lags: How slow can it go? [Cult of Mac Magazine No. 297]


Cult of Mac Magazine No. 297 cover
Cult of Mac Magazine No. 297
Photo: Cult of Mac Magazine No. 297

Apple’s iPhone sales in the U.S. are starting to flatline, according to data from the Consumer Intelligence Research Partners.

Growth of the iPhone install base in the U.S. has been on a downward trend for years now, but CIRP’s latest report reveals that growth was at its slowest rate ever during the first quarter of 2019.

Find out what’s going on in this week’s free issue of Cult of Mac Magazine for iOS.

Or read on to get the rest of the week’s best Apple news, reviews and how-tos in your browser.

Apple regains No. 3 spot in this year’s Fortune 500 ranking


European Commission could get even tougher on tech in 2020
Apple is worth a whole heap of cash.
Photo: Ste Smith/Cult of Mac

Apple comes in third on this year’s Fortune 500 list, a ranking of companies based on revenue.

Apple lagged behind Walmart and ExxonMobil in terms of revenue. However, it massively outperforms both in terms of profitability. Interestingly, No. 4 on the list — Warren Buffett’s Berkshire Hathaway firm — is also one of Apple’s biggest investors.

Woz and other tech icons sign anti-Trump open letter


Woz joins Silicon Valley's anti-Trump crusade.
Photo: Reddit

Silicon Valley is uniting against presumed GOP presidential nominee Donald Trump in an open letter today that calls out the candidate for his “anger, bigotry, fear of new ideas and new people, and a fundamental belief that America is weak and in decline.”

The letter is signed by some of the biggest names in the tech industry, including Apple co-founder Steve Wozniak, Mark Pincus at Zinga, eBay founder Pierre Omidyar, Facebook co-founder Dustin Moskovitz, Vint Cerf and dozens of others.

Apple ranks fifth on Fortune 500 list


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.

Apple Ranks #6 On Fortune 500



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.

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


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


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.