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.
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.
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.