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Friday, 21 July 2017

Apple Most Profitable Company Second Year in a Row


Apple declared Most Profitable Company Second Year in a Row
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, withToyota 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):
  1. Apple  $45,687.0
  2. Industrial & Commercial Bank of China  $41,883.9
  3. China Construction Bank  $34,840.9
  4. Agricultural Bank of China  $27,687.8
  5. Bank of China  $24,773.4
  6. J.P. Morgan Chase  $24,733.0
  7. Berkshire Hathaway  $24,074.0
  8. Wells Fargo  $21,938.0
  9. Alphabet  $19,478.0
  10. Samsung Electronics  $19,316.5
See the full list HERE

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