At No. 3, Apple tops local companies in Fortune 500

Depending on the day of the week, and by what yardstick is being used for measurement Apple is the No. 1 company in the world. Most valuable. Most popular. Highest brand value. Apple has worn many crowns.

But there is one chart where Apple still sits in the wings, and hasn’t yet ascended to the gold medal winner’s platform: The Fortune 500 list of world’s biggest companies.

Fortune has put out its annual list of top companies based on revenue during their most recent fiscal years. Apple is right up there with the big kids, but with “only” $233.7 billion in revenue. The maker of iPhones, iPads, Mac computers, the Apple Watch and Apple TV is big enough for just third place among the Fortune 500.

The top spot remains held by retailing giant Wal-Mart, with its $482 billion in revenue, and in second place is Exxon Mobil, and its fiscal-year sales of $246.2 billion.

Among other Bay Area companies getting into the upper reaches of the Fortune 500 list are Chevron (No.13, $131.1 billion), HP (No. 20, $103.3 billion), Wells Fargo (No. 27, $90 billion) and Alphabet (No. 36, $75 billion).

Two other local names, while still down in the lower regions of the Fortune 500 ranking, still distinguished themselves by having the biggest gains in chart position among tech companies.

With its $6.7 billion in revenue, Salesforce climbed 97 points from a year ago to No. 386, and Netflix rose 95 spots, to No. 379, with sales of $6.8 billion.

Photo: The Bill Graham Civic Auditorium is decorated for an Apple media event in San Francisco, September 2015. (Karl Mondon/Bay Area News Group)

 

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  • Dave

    Apple makes a great product line. I love them. But of lately I am not seeing the gift of Steve Jobs flowing through their mojo. His ideas are withering as more than 5 years passing. I’m not going to mention specific product design or features because Apple knows what consumers need. The old saying in Silicon Valley is you got to either lead, follow, or get out of the way. Timing is critical when it comes to deployment of technology. Apple is already behind in some critical innovations that will prove costly. The Apple car is a big distraction and waste of money, albeit they have plenty of money to waste, but it comes at the expense of core product line innovation. Get back on track, lest lost market share will befall you.

 
 
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