Roger Fingas
Fortune on Thursday published the 2015 edition of its annual Fortune 500 list, as last year ranking Apple fifth among U.S. corporations in terms of revenue, largely on the sales of iPhones and Macs.
Apple has a "product pipeline that's gotten Apple fanboys lining up all over again," Fortune said, including not just the iPhone 6 but new categories like Apple Pay and the Apple Watch. The magazine also commented on the company's market value, which rose nearly $200 billion in 2014 to over $700 billion, a result of stock prices climbing 40 percent.
Apple generated $39.5 billion in profits last year, off some $182.8 billion in revenue.
One future opportunity is said to be the company's upcoming streaming TV service, which Fortune remarked will square off with the cable industry.
Despite the company's success, Apple was still said to be facing its share of problems, such as declining iPad sales, rivalry from Chinese smartphone makers, and general competition from Android devices. While Apple is often the biggest individual smartphone maker in global markets, Android phones currently enjoy greater success as a platform.
The top four corporations on the list include Walmart, Exxon Mobile, Chevron, and Berkshire Hathaway. There are in fact no other technology corporations in the top 10 — the next closest is AT&T, at number 12.
Andrew Orr
Christine McKee
Sponsored Content
Wesley Hilliard
AppleInsider Staff
Amber Neely
36 Comments
Huh?
Huh? Since when Apple faced competitions from cheap Chinese junks? Oh, btw, Apple face competition from iPhone rivalry and they beat their own record every time? The only rivalry for iPhone is iPhone itself. Dude, get real.
Cool, but this doesn't include Apple's increased growth in FY2015. This time next year, Apple will surely have risen to number 4 if not number 3.
FROM APPLE INSIDER ARTICLE
"Despite the company's success, Apple was still said to be facing its share of problems, such as declining iPad sales, rivalry from Chinese smartphone makers, and general competition from Android devices. While Apple is often the biggest individual smartphone maker in global markets, Android phones currently enjoy greater success as a platform."
iPad sales are down because people are buying 6+ instead of iPads. That is NOT a problem. A single sale of a 6+ generates more revenue, gross margin, and profits than an single iPad unit. This is anything but a problem. Its called customer choosing to purchase the more expensive product.
Rivalry from Chinese smartphone makers? Name me a single Chinese phone maker that is stealing sales from Apple? NONE. No one is buying a POS Xiaomi instead of an iPhone. They buy Xiaomi because they can't afford Apple.
And how the fuk is Android enjoying greater success as a platform? Apple has 90% of the industry profits. How the fuk is Android enjoying greater success with only 10% of the profits and every single Android maker with the exception of Samsung is losing money?
Try to relax please. The BS is from Fortune, not AI.
Try to relax please. The BS is from Fortune, not AI.
Fortune is nothing more than a damn troll. Who gives the fck about their 500 ranking crap? Ask Tim Cooks if he cares what rank Apple is in Fortune 500. He ain't. Consumers know Apple products without Fortune's ranking. In fact, over 90% Apple device owners don't know what Fortune ranking is.