http://www.iphonemofo.net/index.php/2011/05/05/apple-climbs-from-56-to-35th-place-in-fortune-500/
Apple has climbed 21 rungs in the Fortune 500 ranking of America's largest corporations, leaping from last year's spot at 56 to its current position at 35.
"The company not only continues to expand its reach in existing markets, it also keeps creating new ones," the report on Apple said.
In terms of revenues, Apple was well below the Fortune 500's top ten, pulling in $65 billion compared to the highest ranked Wal-Mart with $421 billion, Exxon Mobile with revenues of $354 billion, Chevron at $196 billion, and ConocoPhillips at $184 billion.
However, Apple's revenues grew 79 percent over last year, wildly outpacing the revenue growth of the top four US companies in that metric, all of which experienced between 3 and 33 percent growth. Apple's revenue growth outpaced every top ten company outside of fifth ranked Fannie Mae.
In terms of profits, Apple earned $14 billion, in contrast to the $16 billion earned by WalMart, $30 billion in profits from Exxon Mobile, $19 billion of Chevron, and $11 billion by ConocoPhillips.
Apple's annual profit growth of 146 percent was also higher than any other company in the top ten; number ten ranked Ford Motor came in second with 142 percent growth, but it earned less than half the profits of Apple despite revenues that were nearly twice as great.
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