Apple takes third place spot on Fortune 500 list

Fortune has published its annual list of the top 500 U.S. companies, and Apple has come out near the top. The company now sits in third place on the list, after coming in 5th the previous two years. Apple came in behind only Walmart and Exxon-Mobile.

Fortune says:

Lately, hopes have turned to the next iPhone upgrade cycle and a push to focus on India, where Apple's market share remains miniscule. Still, even with the growing concerns, Apple's next big leap came into view in 2015. Dubbed Project Titan and staffed with hordes of former car industry experts, Apple's effort to leapfrog the automobile market with an electric masterpiece likely won't reach consumers for a few more years. But when it does, Cook and company could be riding high again.

Apple is joined on the list by other technology companies such as Amazon, Microsoft, Alphabet, and HP.

Joseph Keller

Joseph Keller is the former Editor in Chief of iMore. An Apple user for almost 20 years, he spends his time learning the ins and outs of iOS and macOS, always finding ways of getting the most out of his iPhone, iPad, Apple Watch, and Mac.