Image: Third or fourth, Apple is stillbig
Apple fell slightly to fourth in its 2019 ranking amongst the Fortune 500 list of America’s largest companies, it was announced Monday.
The high-tech huge put 3rd in2018 It now ranks just behind Walmart, Amazon.com, and Exxon Mobil.
Fortune summed it up this way:
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. 3 classifications inform the story of Apple’s sales doldrums. iPhone sales, 55% of Apple’s total, fell 14%. Boosts in sales of services like streaming and memberships, 18% of the total, grew 16%. And wearables (Watches and airpods) and other non-phone devices (iPods, HomePods, and Beats items) jumped 41%, however account for just 9% of the pie.
Rankings are based on income produced in any provided year.
Apple has actually appeared on the Fortune 500 list for 38 years and has actually ranked in the leading 5 for 7 straight years. Other tech companies in this year’s list consist of Google’s parent business Alphabet ranked 11 th, Microsoft in 21 st, Dell Technologies at 34 th, and Facebook at 46 th.