Walmart has topped the FORTUNE World 500, the record of the world’s largest firms by income for the tenth consecutive 12 months, with gross sales of US$611.3 billion in 2022.
Apple is quantity eight on the record. That compares to quantity six in 2020 and quantity seven in 2021. The highest 10 are, in descending order, Walmart, Saudi Aramco, State Grid, Amazon, China Nationwide Petroleum, Sinopec Group, Exxon Cellular, Apple, Shell, and UnitedHealth Group.
The World 500 rankings are primarily based on annual income, slightly than different strategies of measuring an organization’s dimension, corresponding to market capitalization or guide worth. In terms of Apple, FORTUNE says the tech big “introduced in $99.8 billion in revenue final 12 months, a document for a U.S. Fortune 500 firm.
The journal additionally highlights these achievements by Apple:
° The iPhone 14 lineup drew customers after its September 2022 launch, contributing to Apple’s 1.5% year-on-year development in iPhone gross sales.
° Streaming choices together with Apple Music and Apple TV+ additionally drove income development, as companies gross sales hit a document of $20.9 billion within the first three months of 2023.
° Apple has been eyeing India, the place it opened its first retailer in April 2023, as a market to propel iPhone gross sales and supply a producing enhance.
