Despite the fact that investors on the stock market haven’t been too convinced by Apple over the past 12 months, possibly the most accurate representation of Apple’s successes paints an entirely different picture. The latest Fortune Global 500 survey is out and ranks Apple at 19th place, the first time in its history that it’s broken in to the global top 20, and the first time to break in to the American Fortune top 10.
As noted by Fortune:
“Apple is bigger than ever — cracking the Fortune 10 for the first time and moving up 36 spots in the Global 500. The company has done anything but slow down. The introductions of the iPhone 5 and a the 7-inch iPad Mini helped propel the tech giant’s revenues up from $108 billion in 2011 to $157 billion last year. In a surprising move, Apple reportedly may shift some of its manufacturing from long-standing Taiwanese partner Foxconn to Pegatron, a smaller competitor, in an effort to balance out its supply chain.”
Just looking at the chart above, it’s clear that Apple was massively successful in 2012. It made over $156 billion in revenue, with almost $42 billion in profits. No other company approaches that level of profit except Exxon Mobile, who made $45 billion on revenue of $450 billion. Comparatively, that’s a 27% margin versus Exxon’s seemingly paltry 10%. If ranked on profit alone, Apple would be ranked second in the world.