Apple Hits Fortune 500 Top 10 For Very First Time

Fortune Magazine came out with its Fortune 500 list for 2012 today, a list that ranks the top 500 U.S. corporations based on their annual gross revenue. The famous listing reveals Apple to have jumped several spots this year, with the Cupertino company having gone from 11th to 6th spot, the first time the company has ever been in the list’s top 10.

Apple is joined by giants such as the likes of Walmart in 1st and Exxon Mobil in 2nd. Microsoft also came in at 35th and Facebook made it onto the list for the very first time at 482nd place.

Apple still has a long way to go if it wants to catch Walmart. Walmart’s revenues for the year sat at a massive $469 billion, while Apple’s revenues only hit $156 billion. Apple still has the upper hand when it comes to profit though, as the company raked in over $41 billion in profit in 2012, second only to Exxon mobil with $44 billion.

Fortune’s list is a pretty good indicator as to how well a company is doing, with only the world’s most successful companies being able to break into the top 10. As Apple’s stock prices remain low and with some analysts questioning Tim Cook’s ability to launch new products and run the company, it will be interesting to see if Apple will be able to hold the position in the coming years.

Toby is a writer of word and a lover of Apple, hip-hop, life, and technology.