Apple maintains steady ground as 12th in Global 500 list, loses against Walmart and China National Petroleum

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Today Fortune released its Fortune “Global 500” 2020 list, with little surprise. Apple continues to maintain ground ranking at #12 while it ranked #11 in 2018 and 2019, and #9 in 2016 and 2017.

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Apple’s Global 500 ranking since 1995

Fortune credits Apple downgrade to lower iPhone sales, but credited an increase in sales in services like Apple Music, Apple Arcade, and Apple TV+, alongside increased sales for wearables like the AirPods and Apple Watch.

Mighty Apple dipped a smidge in 2019, down 2% to $260 billion in sales. The computer and phone maker’s ability to make money cushioned the blow. Apple earned $55 billion. Three categories tell the story of Apple’s sales doldrums. iPhone sales, 55% of Apple’s total, fell 14%. Increases in sales of services like streaming and subscriptions, 18% of the total, grew 16%. And wearables (AirPods and Watches) and other non-phone accessories (iPods, HomePods, and Beats products) leapt 41%, but account for only 9% of the pie.

Walmart took the #1 spot, China National Petroleum at #4, Saudi Aramco at #6, and tech-giant Amazon at #9. You can check out Fortune’s fully interactive website with graphics, analysis, and more here.

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Sami started falling in love with Apple in 2010 with the iPhone 4S. As a registered developer, he deeply admires the world of Apple. Sami is an aspiring journalist, writer, and actor. He also has devoted his life to sharing his passion and knowledge with others around the world.