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Apple is 19th on Global 500 list
Fortune today released its annual list of the world's largest companies, and Apple this year checks in at number 19 on the list. The companies rounding out the top five spots include Royal Dutch Shell, Wal-Mart, Exxon Mobil, Sinopec Group and China National Petroleum. Those companies generate considerably more revenue than Apple, but when it comes to sheer profits, Apple is second only to Exxon. Last year, Apple ranked 55 on the global list and the year before, it came in at 111.
Daily Update for May 6, 2013
It's the TUAW Daily Update, your source for Apple news in a convenient audio format. You'll get all the top Apple stories of the day in three to five minutes for a quick review of what's happening in the Apple world. You can listen to today's Apple stories by clicking the inline player (requires Flash) or the non-Flash link below. To subscribe to the podcast for daily listening through iTunes, click here. No Flash? Click here to listen. Subscribe via RSS
New iPad owners increasingly interested in business use
A recent research report from Consumer Intelligence Research Partners (CIRP) suggests more people are buying the iPad to use at work, according to AllThingsD which had access to the report. A survey of 1000 customers who purchased iPads between December 2011 and April 2012 shows that 21 percent will use the device for business purposes. This is an 8 percent jump from the previous survey. AllThingsD attributed the jump to a friendlier corporate attitude towards the iPad and an increase in the number businesses that have "bring your own device" policies. In a BYOD setup, employees are free to choose an iPad (or any other tablet) for mobile use and in many cases the company will grant it secure access to the corporate network -- or, at a minimum, provide baseline assistance for setting up email and calendaring on the device. It's not just journalists and market analysis companies noticing this trend. Speaking during the iPad unveiling earlier this year, Apple CEO Tim Cook confirmed that the tablet device is being used in 92 percent of the Fortune 500 companies. This is up from the 65 to 80 percent figure tossed around in early 2011. #next_pages_container { width: 5px; hight: 5px; position: absolute; top: -100px; left: -100px; z-index: 2147483647 !important; }
Switched On: Cisco's hard-luck hardware
Each week Ross Rubin contributes Switched On, a column about consumer technology. When you think about companies that dominate specific technology markets, alongside names such as Apple, Microsoft, Facebook, Google, Intel. SAP and Oracle, you would no doubt include Cisco Systems. Founded in 1984, the networking giant, which has grown largely via acquisition over the years, earned $43 billion of revenue in 2011. That placed it at #64 on the 2011 Fortune 500. Cisco has a current market value of about $113 billion. Linksys, acquired in 2003, has remained among the top-selling home networking brands, and Cisco recently moved to bolster its TV service provider business -- formerly known as Scientific Atlanta -- with the acquisition of NDS. But for all the success that Cisco has had building connections among network endpoints, the company has had a tough road when it's come to selling end-user devices directly to end-users over the last few years.
Daily Update for May 8, 2012
It's the TUAW Daily Update, your source for Apple news in a convenient audio format. You'll get all the top Apple stories of the day in three to five minutes for a quick review of what's happening in the Apple world. You can listen to today's Apple stories by clicking the inline player (requires Flash) or the non-Flash link below. To subscribe to the podcast for daily listening through iTunes, click here. No Flash? Click here to listen. Subscribe via RSS
Apple climbs to 17 on Fortune 500 list
Fortune released the Fortune 500 list for 2012, and Apple is now in the top 20 of the list of the largest U.S. corporations in the #17 spot. That's a vast improvement from last year's ranking at 35. Apple has a way to go to get into the top five, which is populated by such famous names as Exxon Mobil, Wal-mart Stores, Chevron, ConocoPhillips, and General Motors. HP was the top tech business in the list at #10, while perennial Fortune 500 place sitter IBM came in behind Apple in the #19 spot. Somewhere, Steve Jobs must be smiling... In Fortune's industry grouping for "Computers, Office Equipment", HP took the top spot, Apple the second place, and Dell, Xerox, NCR and Pitney Bowes followed the leaders. In case you're wondering where old arch-rivals Microsoft and Dell showed up, they were at spots 37 and 44 respectively. Intel was out of the top 50 in spot number 51, and Google followed the pack in the #73 spot.
Apple now ranks #35 in Fortune 500
Apple climbed its way into the elite Top 50 of the Fortune 500 list for this year. The Cupertino company climbed 21 spots to claim the #35 position between Medco Health solutions and Boeing. Apple was propelled upwards by sales of the iPad, the iPhone and content from the iOS App Store. Combined with its iTunes and Mac hardware sales, the company netted US$14 billion in profits in 2010 and is counted among the 20 most profitable companies in the world. Apple leads both the tablet and smartphone market and its computer sales are growing. When looking at revenue for the Computer and Office equipment category, Apple settled in second place behind market leader HP and edged out Dell which dropped down to third place. Apple's forecast for 2011 remains strong -- the company continues to expand into new markets with its iOS devices and its Mac hardware line continues to be updated with the latest generation hardware.
Apple #56 in Fortune 500 rankings
Apple has moved up 15 spots in Fortune's annual Fortune 500 rankings to be the 56th largest company in the world by revenues. Apple had 2009 revenues of US$36.5 billion in 2009, up 12.5% from 2008. Despite the massive revenues, Apple still ranks third, behind HP (ranked 10th overall) and Dell (ranked 38th overall), in Fortune's "Computers, Office Equipment" industry rankings. Apple's share price total return to investors was a whopping 149%. Many believe that that's just the tip of the iceberg with Apple analyst Gene Munster predicting a year end target price of $299 a share. As of the time of this writing, Apple's share price sits above $248. The top three companies in Fortune 500's 2009 rankings were Wal-Mart, Exxon Mobile, and Chevron. In the Internet Services and Retailing industry, Amazon came in first (ranked 100 overall), Google second (ranked 102 overall), and Liberty Media third (ranked 227 overall).
Apple jumps in Fortune 500 ranking
Apple made a big leap in their Fortune 500 ranking for 2006 when the list was released earlier this week. Previously, they were at number 159. Now, they've jumped 38 spots to number 121. By the end of March 2007 the company's market value was 80.602 billion dollars (put your pinky to the corner of your mouth when you say that). Other tech companies in the top 20 included HP (number 14) and Verizon (number 13). The number one spot went to the monolithic Wal-Mart.[Via MacDailyNews]
