Apple Ranked 5th in Fortune 500

Apple maintained its 5th place ranking in the Fortune 500 for 2015. Fortune released its list on Thursday, a ranking of U.S. corporations based on revenue. Walmart, Exxon Mobil, Chevron, and Berkshire Hathaway all claimed more revenue than Apple, though Apple remains the world's most valuable company.


From Fortune's Apple description:

After a bumpy start to 2014, Apple's stock finished the year up 40%, adding nearly $200 billion to the company's market value. A product pipeline that's gotten Apple fanboys lining up all over again has certainly helped reenergize revenue growth: In addition to unveiling new categories like Apple Pay and Apple Watch, the company launched the iPhone 6, selling a record-breaking 10 million units in the first three days. As CEO Tim Cook recently told investors: "It's tough to find something in the numbers not to like." The normally low-profile Cook is breaking new ground in other ways too—in October, 2014 he came out as the first openly gay CEO of a Fortune 500 company.

Fortune listed "fast growing phone and PC sales," as well as Apple's brand power, as the company's main strengths. For weaknesses, Fortune cited falling iPad sales and, "sky-high expectations from investors and consumers."

The magazine also looked to a possible streaming television service as an opportunity, but said that Chinese phone manufacturers and Google's Android were threats.