Apple it has held the third spot on the Fortune 500 list for the past two years, but this year it dropped to number four on the list. Exxon Mobil, which climbed from fourth place to second place, is to blame for everything.
The Fortune Rankings are a list of America's top corporations, ranked by gross annual revenue. Walmart, Exxon Mobil, Berkshire Hathaway, Apple and UnitedHealth Group. If we were to mention other technology companies that are in the Fortune 500, then these are Amazon (8th place), AT&T (9th place), Verizon (16th place), Alphabet (22nd place) and Microsoft (30th place).
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Fortune reported that Apple it was relegated to fourth place mainly because the smartphone market is saturated. If we look back in the past, he was in 2015 and 2014 Apple in 5th place, in 2013 in 6th place, in 2012 in 17th place, in 2011 in 35th place and in 2010 in 56th place. It's been 24 years this year Apple on the Fortune 500 list.
Third place Applu didn't save either iPhone X:
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The fourth place was occupied by the apple company with a gross annual revenue of 229,2 billion dollars and an annual profit of 48,3 billion dollars (fiscal year 2017). Although the Californian giant lags behind the top three firms in terms of gross annual revenue, it still beats them in terms of annual profits. Walmart had a profit of $9,9 billion, Exxon Mobile $19,7 billion and Berkshire Hathaway $44,9 billion.
