Apple Inc. (AAPL) Loses To Samsung In Fortune Global 500 List

Apple Inc. (AAPL) Loses To Samsung In Fortune Global 500 List
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Fortune just released their Global 500 list of company rankings on Monday. This year’s list has Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930) (which ranked the 14th spot) topping Apple Inc. (NASDAQ:AAPL) (which ranked 19th place). The South Korean tech giant made revenue of $178.6 billion whereas Apple earned a total of  $156.5 billion.

Apple Inc. (AAPL) Loses To Samsung In Fortune Global 500 List

Apple And Samsung Revenues

Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930) ranked number 20 last year when they made $149 in revenues, and Apple Inc. (NASDAQ:AAPL) made 55th place with $108 billion. Even though Apple and Samsung are the leaders of the tech industry, they are still nowhere close to topping at the number one spot. Royal Dutch Shell plc (ADR) (NYSE:RDS.A) (NYSE:RDS.B) sits at the top with $481.7 billion.

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Company Rankings

Here is a small list that CNET shared of where tech companies rank in the list:

  • Samsung — 14th place

  • Apple — 19th place

  • Hon Hai Precision Industry — 30th place

  • NTT — 32nd place

  • AT&T — 34th place

  • Hewlett-Packard — 43rd place

  • Verizon Communications — 48th place

  • Hitachi — 54th place

  • IBM — 62nd place

  • China Mobile Communications — 71st place


Fortune explained Apple Inc. (NASDAQ:AAPL)’s place in the survey, “Apple is bigger than ever — cracking the Fortune 10 for the first time and moving up 36 spots in the Global 500. The company has done anything but slow down. The introductions of the iPhone 5 and a the 7-inch iPad Mini helped propel the tech giant’s revenues up from $108 billion in 2011 to $157 billion last year. In a surprising move, Apple reportedly may shift some of its manufacturing from long-standing Taiwanese partner Foxconn to Pegatron, a smaller competitor, in an effort to balance out its supply chain.”

Apple Inc. (NASDAQ:AAPL)’s ranking in the list really has no significance in the company’s place on the market. The Cupertin0-based tech giant still leads in smartphone and tablet sales. There is also a lot of anticipation for the upcoming iPhone 5S and iPhone 6. The demand and interest for the iPhone has yet to waver as it’s still a perennial favorite.

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