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Apple joins top 20 on Fortune 500 list

Apple slot into number 17 on the Fortune 500 list
| Business, Financial & Legal News | Posted: May 8, 2012 10:33 am

Fortune Magazine have released their annual Fortune 500 list, which list America's largest corporations. Last year, Apple placed at a respectable 35th position, but have zoomed right up to 17th for this years list. Apple rank second in technology to rival Hewlett-Packard.




Last year due to the undeniable success of the iPhone and iPad, Apple became the world's most value company, boosting its earnings by 85-percent to $25.9 billion. Fortune have predicted growrth for the technology sector at 3-percent, marking Apple's earnings as a "giant" contribution in the industry.


Apple looks to continue this runaway success, with another iPhone on the way, and I'm sure another iPad is being worked on as well as refreshed MacBook, MacBook Pro, MacBook Air and iMacs. I'm sure there's things in-between those products, too. As well as their rumored Apple TV, too.


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