Apple Beats 4 Chinese Banks to Be Most Profitable Company on Fortune Global 500

1 minute read
| Editorial

Let’s take a look at the Fortune Global 500—there’s Apple at the top of the list of Most Profitable companies. The next four companies on the list are Chinese banks. After that, we have three American banks, whilst Apple semi-competitors Alphabet and Samsung occupy 9th and 10th on the list.

Fortune Global 500 Top 10 Most Profitable

Fortune Global 500 Top 10 Most Profitable- the numbers in squares represent each company’s position in Fortune’s rankings for revenues

I’d like to take a moment to note that at a combined US$38.8 billion in profit, both companies add up to less than Apple’s $45.7 billion. This, despite relying on product portfolios orders of magnitude bigger than Apple’s. Or, put another way, suck it, Android.

I know, that’s petty. I’m OK with that.

Fortune’s Apple Writeup

Fortune said about Apple:

After more than a decade of solid growth fueled first by the iPod music player and then by the even more popular iPhone, Apple finally appeared to hit a wall, with lackluster sales “relatively speaking” for other products such as the iPad and Apple Watch and a heavy reliance on upgraded phone models. But the most profitable publicly-traded company in the world is investing heavily in software and its efforts in new areas of opportunity, including automobiles, remain in development (and under wraps). Apple was founded in 1977 and is headquartered in Cupertino, Calif.

You can read more about Fortune’s various corporate lists in the full Global 500 article.

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MOSiX Man
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MOSiX Man

Hmmm… I need to edit that last paragraph, a bit:

I can’t tell you how many times I’ve been told, over the last several years, how Apple was doomed (Doomed, I tell you!) because Steve Jobs was no longer there. I’ve made sure to jab people who told me such things, asking when it was that I should expect to see Apple fold? Some people still hold to answers like ‘It will happen, eventually’. Uh-huh. Right. Not anytime in the foreseeable future, though.

MOSiX Man
Member
MOSiX Man

“As for Apple, it’s pathetic how they’ve bumbled and underperformed their way to being, once again, the world’s most profitable publicly traded company. Just pathetic.”

*sniff, sniff* Does anyone else smell sarcasm?

I can’t tell you how many times, over the last several years, how Apple was doomed (Doomed, I tell you!) because Steve Jobs was no longer there. I’ve made sure to jab people who told me such things, asking when it was that I should expect to see Apple fold? Some people still hold to answers like ‘It will happen, eventually’. Uh-huh. Right. Not anytime in the foreseeable future, though.

MOSiX Man
Member
MOSiX Man

“I know, that’s petty. I’m OK with that.”

Own it.

wab95
Member
wab95

Welcome back, Bryan. We missed you while you were on holiday.

Not sure that Androidworld would say the same, though.

As for Apple, it’s pathetic how they’ve bumbled and underperformed their way to being, once again, the world’s most profitable publicly traded company. Just pathetic.