Wednesday, May 9, 2012

Apple Jumps Up To 17 Position In Fortune's 500 List

 Apple Climbs From #35 to #17 In Fortune 500 Ranking

Apple (AAPL) had an amazing year of 2011 that made it the world's most valuable with its market revenue and share capital that is next to Microsoft. The expansive growth of Apple has pushed it into the top 20 of the 2012 Fortune 500 list of America's largest corporations.  Apple had one of the biggest jumps on the list, with its record-breaking final three months of 2011 helping push it from No. 35 to No. 17. Apple is followed by  CVS Caremark ,  International Business Machines and  Citigroup in 18, 19, 20 position respectively.

Fortune ranks America's best and strong companies every year and release the list of Top 500 Fortune Companies. Fortune has released its 2012 Fortune 500 list ranking America's best companies by their revenue and progressive growth. Apple's strong growth has landed Apple in 17th Rank which is a big change compared to last year's 35. Apple's market share capital has been all time high with $600 Billion and share value of Apple shares has crossed Google's share price for the first time due to large sales world wide and the huge demand for iPads and iPhones globally. Apple's fiscal year reports a surplus of 100 Billion which Apple decided to invest for future. The strong and competent growth of Apple will definatelyy change the Fortune 500 rank next year moving from 17.

Apple has suffered a great loss by losing Steve Jobs at the pinnacle of Company's success. Time Cook the present CEO took the charge and he's very responsible of his duties and proved the very basic principle of Business - Business Should Be Treated As Different From Business Man. Although company lost Steve Jobs, it continued performing exceptionally well and jumped to #17 in Fortune 500. Apple doubled its earnings per share in 2011, compared to 2010. That helped nudge management to announce plans for the firm's first dividend since 1995, returning some of the $97.6 billion in cash it had accumulated. Apple fans and analysts alike also continue to await a long-rumored television set from the gadget maker.Apple's 2011 profits of $25.9 billion led the company to a new high as the third most profitable company behind energy giants Exxon Mobil ($41.6 billion) and Chevron ($26.9 billion). Microsoft sits in fourth place with profits of $23.2 billion. 

Source : Mac Rumors
Fortune 500 List 
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