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Apple Takes Number 5 Spot in Latest Fortune 500 List

Apple Takes Number 5 Spot in Latest Fortune 500 List

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.

Apple Takes Number 5 Spot in Latest Fortune 500 List
Screenshot via 9to5Mac

9to5Mac:

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).

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