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Fortune 500 lists out, Apple climbs to No.6

Posted by Nisha Dwivedi News | Current Affairs May 07, 2013
Fortune magazine on Monday released its annual Fortune 500 list of America's top companies, as ranked by revenue. Apple, Facebook, Dell and Google are only some of the big names on the roster.
Fortune Magazine released its Fortune 500 companies on Monday, ranking the top 500 companies by global income.  Apple’s in the top ten for the first time ever, Facebook hits the list and Dell sells more than Google, reports CNet.

The ranking of the Fortune 500 is based on revenues, with Wal-Mart Stores at the top of the list with 2012 revenues of US$469.2 billion. Three US oil companies -- Exxon Mobil, Chevron and Phillips 66 -- made up the second through fourth positions respectively on the list, with Warren Buffett's investment firm Berkshire Hathaway just ahead of Apple in the No. 5 spot.

Facebook’s making of the list is another milestone on its transformation from disruptive startup to a more mature company that kicks out regular profits.

You can see the full Fortune 500 list here.

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