Apple Ranked Fourth on 2020 Fortune 500 List

Apple Ranked Fourth on 2020 Fortune 500 List

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Apple has placed fourth on the 2020 Fortune 500 List, down one spot from last year.

Companies on the list are ranked by total revenues for their respective fiscal years. Included in the survey are companies that are incorporated in the U.S., operate in the U.S., and file financial statements with a government agency.

Here's what Fortune had to say about Apple...

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.

Walmart topped the list with revenues of $524B, followed by Amazon.com at $281B, Exxon Mobile at $265B, Apple at $260B, and CVS at $257B.

You can check out the entire list at the link below...

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Apple Ranked Fourth on 2020 Fortune 500 List

Apple Ranked Fourth on 2020 Fortune 500 List

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