This year, Apple Inc. stocks (NASDAQ: AAPL) have made it to the top ten of Fortune. The maker of the iPhone and the iPad jumped to the 6th position from 17th place last year in the Fortune 500. The ranking, which is held annually, is based on revenue and involves the top corporations of the globe.
Top Five of the 2013 Ranking
In the list, Apple Inc. Stocks (NASDAQ:AAPL) may have grown enormously but not enough to be included in the upper echelon of Fortune 10. However, Apple is still the technology company with the highest ranking in that industry. Of course, the Wal-Mart retailer has come back to reclaim his throne in Fortune 500 as it has dropped to 2nd place in the 2012 ranking. Large oil companies also made it into the list with Exxon Mobil Corporation (NYSE:XOM) in the second place while and Chevron Corporation (NYSE:CVX) in the third place. Phillips 66 (NYSE: PSX) and the Berkshire Hathaway Inc. (NYSE: BRK.A) (NYSE: BRK.B) completed the top five which now separates Apple from the top five.
Other Notable Technology Companies
AT&T Inc. (NYSE:T) got the 11th position while Hewlett-Packard Company (NYSE:HPQ) is in the 15th place. The former had revenue of US$127. 4 billion while the latter has US$120.4 billion. Microsoft Corp. (NASDAQ:MSFT) earned US$73.7 billion which made the company land in 35th. Finally, Facebook Inc (NASDAQ:FB) made its entry in the Fortune 500 for the first time claiming the 482nd spot. Last year, it only ranked 598.
As the highest in the industry, Apple does have quite a pressure. In its press event held last October, it has maintained its position with the announcement of the iPad mini and software upgrades. The CEO of the company, Tim Cook, even apologized last September for the Apple maps application’s failure. He also apologized for sluggish repair services to the Chinese consumers just this April.
Apple on Barron’s 500
Notably, Apple Inc. (NASDAQ:AAPL) also made it into Barron’s 500 list this year, claiming the number 1 spot. With a boost in sales growth and wise cash flow, Apple became the cream of the crop. Fortune event comments that Apple is doing well despite the issues in labor overseas, the failure of Map app, and rumors of being non-innovative.