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Apple breaks into top 10 in 2013 edition of Fortune 500
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MacNN Staff
Join Date: Jul 2012
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May 6, 2013, 12:37 PM
 
Business magazine Fortune has released the 2013 edition of its list of the 500 biggest corporations in the US. One of the most significant shifts in the list is the ascendancy of Apple, which has jumped from 17th place to sixth, breaking into the top 10 for the first time. Fortune comments that while the company has "maintained more than disrupted" its product line, and even had to apologize for iOS 6 Maps and its Chinese warranty services, it "remains an innovation icon."

Walmart has retaken the top position in the 500, with revenues of $469.2 billion, and profits just under $17 billion. Other companies in the top 10 include Exxon Mobil, Chevron, Phillips 66, Berkshire Hathaway, General Motors, General Electric, Valero, and Ford.

Some other high-tech companies on the list include AT&T at 11th, HP at 15th, Verizon at 16th, Microsoft at 35th, and Amazon at 49th. Facebook, notably, has made it into the Fortune 500 for the first time, ranked 482nd.
     
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May 6, 2013, 02:29 PM
 
that's funny because if you listen to certain analysts or those afflicted with Apple Derangement Syndrome who write for stock market websites, you would think that Steve Jobs alone was the only person at Apple who came up with disruptive, innovative blockbuster new products and now that he's dead Apple will never release another disruptive, innovative blockbuster product again.
     
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May 6, 2013, 05:11 PM
 
That right there, will explain what's wrong with Wall Street. The Fortune 500 list is a complete hoax .... its ranking is based on REVENUE ... not PROFITS !!!! Who would think that companies actually have a fiduciary duty to make money for their shareholders !!! Whoa !!!

Case in point, Hewlett Packard; they're on the list at No. 15, yet they've LOST $12B .... And it goes on and on ... Amazon is on the list, but it's also lost money.

If the list was properly ordered based on Profits, Apple would be at No. 2 behind ExxonMobil. But hey, I'm not a Wall Street Analyst, what they hell do I know ??
     
   
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