For the second year straight, Apple has taken the number 5 spot in the Fortune 500 list. The list, which ranks corporations by revenue, is released annually by Fortune magazine.
The company maintains its same position as last year behind Berkshire Hathaway (no. 4), Chevron (no. 3), Exxon Mobil (no. 2), and Wal-Mart Stores (no. 1).
Although Apple comes in at fifth place according to revenue, Fortune notes that it has the biggest profits ($39.5 billion), and the highest market value (more than $700 billion), of any company on the list.
“After a bumpy start to 2014, Apple’s stock finished the year up 40%, adding nearly $200 billion to the company’s market value. A product pipeline that’s gotten Apple fanboys lining up all over again has certainly helped reenergize revenue growth: In addition to unveiling new categories like Apple Pay and Apple Watch, the company launched the iPhone 6, selling a record-breaking 10 million units in the first three days.”
Apple joined the Fortune 500 top 10 in 2013. Other tech companies making the list this year include: AT&T (#12), Verizon (#15), HP (#19), IBM (#24), Amazon (#29), Microsoft (#31), and Google (#40).
