Apple may be the world’s largest company by market capitalization, but it doesn’t top all the rankings. The Fortune 500 ranks U.S. companies by annual revenue, and Apple has retained the #3 slot it achieved last year, albeit with changes either side of it …
Last year, Apple was behind Walmart and Exxon Mobil, but ahead of Berkshire Hathaway – having climbed two places. This year, Apple beat the oil company but fell behind the investment conglomerate.
Fortune’s summary of Apple’s standing again lacks enthusiasm.
But an analysis by editor-in-chief Clinton Leaf is kinder, describing the company as one of the ‘daring, upstart free enterprisers who pulled and dragged America to the front of a new global techno-industrial age.’ Tesla, Netflix, Google were all singled out as other examples of ‘new thinkers.’
The piece notes that Apple went from California garage to Fortune 500 member in just seven years, while the slideshow predicts that the Cupertino company will be the world’s first trillion-dollar company.
