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Bryan M. Wolfe
| July 8, 2013
Apple Ranks No. 19 In The Latest Fortune Global 500 Survey
Fortune is out with its annual list of the largest global companies by revenue. Based on 2012 data, Apple is ranked No. 19. In last year’s survey, the iPhone maker ranked No. 55. The Fortune Global 500 saw Royal Dutch Shell take the top spot, followed by last year’s winner, Wal-Mart. The rest of the top five include Exxon Mobile, Sinopec Group, and China National Petroleum. In terms of profits, Apple ranks No. 2 behind Exxon Mobile. Of Apple, Fortunes says:
Apple is bigger than ever -- cracking the Fortune 10 for the first time and moving up 36 spots in the Global 500. The company has done anything but slow down. The introductions of the iPhone 5 and a the 7-inch iPad Mini helped propel the tech giant’s revenues up from $108 billion in 2011 to $157 billion last year. In a surprising move, Apple reportedly may shift some of its manufacturing from long-standing Taiwanese partner Foxconn to Pegatron, a smaller competitor, in an effort to balance out its supply chain.Samsung Electronics ranks No. 14 in the survey. Previously, the South Korean company ranked No. 20. Other notable rankings include AT&T (No. 34), Verizon Communications (No. 48), and Microsoft (No. 110). In February, Fortune called Apple the most admired company for the sixth year in a row. See also: Apple's iPad Once Again Grabs Top Spot In J.D. Power Customer Satisfaction Study, and Apple Grabs Top Spot In J.D. Power Customer Satisfaction Study ... Again.