toggle

AAPL Stock: 105.22 ( + 0.39 )

Printed from http://www.macnn.com

Apple climbs to No. 253 in Fortune's Global 500

updated 05:50 pm EDT, Wed July 8, 2009

Apple climbs Fortune 500

For the fourth year in a row, Apple has continued to climb Fortune's list of the 500 largest companies across the globe. The company first entered the bottom of the ranks at 492nd in 2006, before climbing to 337th last year with $24 billion in revenues. Apple this year ascended to 253rd with over $32 billion in revenue.

Collective earnings for the entire list of 500 companies declined by 85 percent, marking the worst performance since Fortune began keeping track. Profits fell for Fujitsu, Dell and Asustek during their respective fiscal years.

Although a number of companies clearly outpace Apple in terms of sales volume, the Mac maker has managed to sustain ASPs even in the tough market. While HP, Dell and Lenovo have seen a progressive decline in ASPs, with a particular fall-off late in 2008, Apple has kept the average price of its Mac systems hovering around $1,400 for several years. Between 2007 and 2008, analysts observed Mac sales increasing by a record pace while many of its competitors' shipments remained flat.

Google entered the ranks for the first time this year, holding the 423rd position after a 31-percent increase in revenues. The company on Wednesday announced plans to launch its own operating system, Chrome OS. The decision could create a conflict of interest at Apple, as Google's CEO Eric Schmidt currently sits among the Mac maker's board of directors.

Microsoft rose in the Fortune rankings to the 117th spot, with profits up 25-percent over the previous fiscal year. The company recently launched its Bing search engine, designed to compete with Google, while reports suggest an upcoming announcement may relate to a new browser or web-based apps that can run on Google's platform.

Despite the lackluster performance across the board, Apple managed to show a 38-percent increase in profits. HP and Quanta were the only other computer makers to post gains, each up approximately 14-percent, although Apple devices account for a significant portion of Quanta's production.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

  1. starwarrior

    Joined: Dec 1969

    -1

    Profits

    How do they stack by profits?

  1. Constable Odo

    Joined: Dec 1969

    -1

    Apple probably gained a

    lot by default. That is, passing companies who in the past couple of years had terrible earnings. As it is, Apple is down quite a bit over the last couple of years. All those dreams of massive market cap gone down in flames. I hate hearing that term lackluster. Grrrr.

  1. rytc

    Joined: Dec 1969

    +1

    Apple

    Well Apple's cap increased by 8 billion to go from 24 to 32billion and its profits increased by 38% - so although they climbed places because others did worse, you can hardly call that by default. Some companies always do bad and others climb because they held steady - however, even here Apple's cashflow increased.

  1. vasic

    Joined: Dec 1969

    +2

    Market cap

    It may be 253rd in Global 500, but based on market cap, it is No. 19 of all companies traded on the US markets (and this includes ADRs). Not to mention that AAPL market cap is more than 60% that of the No. 2 on that list, MSFT ($122B vs. $200B). Of course, at one point, a year and a half ago, AAPL was close to $200B itself...

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

Sound Blaster Roar Bluetooth speaker

There could very well be a new king of the hill for Bluetooth speakers, with Sound Blaster's recent entry into the marketplace. Bring ...

Kenu Airframe Plus

Simple, stylish and effective, the Kenu Airframe + portable car mount is the latest addition to Kenu's lineup. Released earlier this ...

Plantronics Rig Surround 7.1 headset

Trying to capture the true soundscape of video games can be a daunting task. Looking to surround-sound home theater options, users hav ...

toggle

Most Commented