American magazine Fortune released its annual list of the world’s largest companies today. Apple is on it at number 19, having made $156.5bn in revenue and $41.7mm in profits in the last year. Apple has shot up the list dramatically having placed at 55 last year and at 111 in 2011.
The only industry competitor even close to Apple on the list are Samsung who placed two higher than Apple with a revenue of $178.6bn and $20.6mm in profits. The 500 companies are ranked by their total revenues for their respective fiscal years ended on or before March 31, 2013.
The top five companies on the list are China National Petroleum, Sinopec Group, Exxon Mobil, Wal-Mart Stores and the largest company in the world is Royal Dutch Shell. The top companies generate considerably more revenue than Apple but only Exxon beats Apple on profits.