Apple stays at third place in the 2019 FORTUNE 500, in which companies are ranked by total revenues for their respective fiscal years. The tech giant has made the list for 37 years.
Included in the FORTUNE 500 are companies that are incorporated in the U.S. and operate in the U.S. and file financial statements with a government agency. Included in the top 10, in descending order, are: Walmart, Exxon Mobile, Apple, Berkshire Hathaway, Amazon, United Health Group, McKesson, CVS Health, AT&T and AmerisourceBergen.
Here’s what FORTUNE has to say about Apple: “Two thousand eighteen will be remembered as the year that Apple first achieved a market value of $1 trillion, as well as when growth in iPhones, Apple’s largest single product by far, began to slow. Before the introduction of the iPod—the iPhone’s precursor—Apple was a once-exciting computer maker. Now, only a retailer and an oil company are bigger. Its challenge: as consumers hang onto phones longer, Apple is repositioning itself as a services provider. Already iTunes, Apple Music, iCloud, and cuts from sales in its popular Apple Store generate billions of dollars of sales.”
This article was originally posted here