Apple is in the fourth position on the Annual Fortune 500 of America’s biggest firms. The first position went to Walmart, the second to Amazon.com, and the third to Exxon Mobil. Last year, Apple had been ranked 3rd in Fortune 500.
According to Fortune 500,
“Mighty Apple dipped a smidge in 2019, both in terms of sales, down 2% to $260 billion, and in its ranking, from No. 3 to No. 4. The computer and phone maker’s ability to make money cushioned the blow. Apple earned $55 billion. Three categories tell the story of Apple’s sales doldrums. iPhone sales, 55% of Apple’s total, fell 14%. Increases in sales of services like streaming and subscriptions, 18% of the total, grew 16%. And wearables (AirPods and Watches) and other non-phone accessories (iPods, HomePods, and Beats products) leapt 41%, but account for only 9% of the pie.”
This explains the reason of Apple slipping to the 4th position in 2020 from the 3rd position in 2019. Apple has been maintaining its Top 5 position since 2014.
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Author: Pururaj Dutta
Pururaj is the Vice President of Appleosophy and Silicon Report, in addition to being the Manager of popular Redfruit Media platforms such as TechPod Social and Apple Summit. His seasoned experience plays a pivotal role in the success of Redfruit Media, contributing significantly to shaping the ever-evolving tech landscape. As a tech aficionado, he enjoys exploring & reviewing new products, and sharing his insights with the community. With an unwavering passion for technology, Pururaj is committed to delivering accurate and insightful information to his readers.
