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.
Fortune 500 List
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