Fortune 500 has released the 2013 list of top 500 companies in the world and Cupertino-based technology giant Apple has managed to grasped the 6th spot on that list. Managing to secure a position in the Fortune Top 10 list of this year, which was indeed a remarkable achievement by Apple and a large jump because last year the maker of the iPhone was at 17th place in the list. Walmart, Exxon Mobil, Chevron, Philips 66 and Berkshire Hathaway were the top five companies that kept Apple away from reaching the number one spot on the Fortune 500 list.
“Apple is bigger than ever — the company cracked the Fortune 10 this year. But it’s a high-pressure job, being king of the hill. At Apple’s press event this past October, it maintained more than disrupted with its software upgrades and iPad mini announcement. Also, this past year has seen a lot of CEO Tim Cook having to apologize — once in September for the failure of Apple’s maps app, and then to Chinese consumers this April for slow repair services — this in a market that Cook said this past January would be Apple’s largest. Still, when every executive wants to invent the iPod of ___, Apple remains an innovation icon.”
Fortune 500 was not the only list in which Apple has made a significant jump in fact it has gained the top spot in Barron’s 500 list that was released on Saturday, May 4th. Apple was able to seize the top spot because of its outstanding operating performance. In 2011, Apple achieved the fourth position on Barron’s 500 list, whereas in 2012 it jumped up to the number two spot and now finally achieves the first place.
“And now for some good news about Apple . Its stock might be losing altitude and cachet, but its stellar operating performance finally has catapulted the company into the No. 1 spot in the Barron’s 500, up from No. 2 in 2012 and No. 4 in 2011. Apple has shown what it takes — terrific sales growth and wisely deployed cash flow — to be a winner in our annual ranking, which seeks to identify businesses that have done the best job of investing for growth.”
“To be sure, investors have grown fearful that Apple’s magic won’t last — so fearful that they knocked the stock down to $450 from $705 last September, erasing $239 billion from the company’s market value. But before pronouncing the creator of iPods, iPhones, and iPads a has-been, or even just an ordinary company, let’s pause to acknowledge its triumph over a tough crowd of competitors in landing at the top of our list.”
Source: iPhoneinCanada
Photo: MacWorld
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