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Apple ranks fourth on the 2020 Fortune 500 list

Apple ranks fourth on the 2020 Fortune 500 list

As one of the most valuable companies in the world, Apple’s position in the fortune 500 list it has been insured for the last thirty-eight years. Annually, the publication reveals the list of the largest companies in the United States by revenue, and although those in Cupertino have remained in the top five for several years, this time they fell one position.

Apple ranked third in 2019. However, on the list of this 2020 it fell to the fourth position, thanks to its revenues of 260 billion dollars. The first three places were occupied by Exxon with 264 billion dollars and Amazon with 280 billion dollars. While Walmart continues to be the number one company for the eighth year in a row with $ 523 billion in revenue.

Apple remains at the top of the Fortune 500 list

Yes OK Apple remains the most profitable tech company, topping $ 39 billion in profit for Microsoft, its main competitor, its revenue fell 2% to $ 55 billion in profit, reflecting a 7% drop in profit year-over-year.

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The publication on Apple’s position in the Fortune 500 is accompanied by information detailing the company’s finances, based on the revenue generated in fiscal year 2019. The results reflect that iPhone sales fell 14%, which is the 55% of Apple’s total revenue. Apple services grew 16% and represent 18% of total revenue. Wearables grew 41%, while they only accounted for 9% of the total.

In the list that represents two-thirds of the United States economy, with 14.2 trillion dollars in revenue, it includes other companies in the technology sector such as Alphabet, Google parent, in position 11, Microsoft in position 21 and Facebook in 46th place All a long way from Apple!