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Friday, 21 July 2017
Apple Ranked As Most Profitable Company For The Second Time
Photo Credit: Zhang Peng/LightRocket via Getty Images
Fortune, who annually ranks the 500 biggest companies in the world in its Fortune 500 list, has declared Apple the most profitable company in the world for the second year in a row.The company, headed by Tim Cook, raked in a profit of over $45bn.
The company also ranks No. 9 on the overall Fortune 500 list of the biggest companies in the world. Walmart tops the Fortune 500 list, with Toyota at 5, Samsung at 15, Alphabet(Google) at 65, and Microsoft at 69. Apple’s fortune had changed for the better after founder Steve Jobs, who was ousted, returned to the company.
Profits started growing when the iPod was introduced, and even more when the iPhone came.
The 10 most profitable companies in the world are (in $m):