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Monday, 10 August 2020

Apple Ranked Twelfth in Fortune Global 500 for Revenue, Third for Profit

Apple has ranked third in the annual Fortune Global 500 list of the world's largest companies for profit, and twelfth for revenue.

This year's Fortune Global 500 companies' operating income reached a record high of $33 trillion, close to the combined GDP of China and the United States. Together, this year's Fortune Global 500 companies employ 69.9 million people worldwide and are represented by 32 countries. Wal-Mart was again the world's largest company, for the seventh consecutive year.

Apple's revenue is reported as $260.174 billion, of which $55.256 billion is profit. Apple was only surpassed in profits by investment firm Berkshire Hathaway and oil company Saudi Aramco. Interestingly, Berkshire Hathaway has a 5.7% stake in Apple, which accounts for more than a fifth of its entire value.

In spite of a slight downturn for Apple in the last financial year, Fortune remains positive about Apple's ability to make money. iPhone continues to dominate sales, although subscriptions are rapidly becoming an important part of Apple's business model.

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.

Apple is estimated to currently have 137,000 employees, and recently reported record third fiscal quarter revenue of $59.7 billion and net quarterly profit of $11.25 billion.

Apple has ranked in the Fortune Global 500 top 20 since 2013. Last year, the company ranked one place higher for both revenue and profit. In May, Apple ranked fourth in the Fortune 500 list of America's largest companies. Apple has now ranked in the top five for seven consecutive years.

Tag: Fortune 500

This article, "Apple Ranked Twelfth in Fortune Global 500 for Revenue, Third for Profit" first appeared on MacRumors.com

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Deals: Get a New HomePod for $199.99 in Best Buy's Latest Sale

Apple's HomePod has returned to the price of $199.99 today at Best Buy. This sale is a solid $99 discount on the original $299.00 price of the HomePod, and it's one that Best Buy has offered a few times throughout 2020.

Note: MacRumors is an affiliate partner with Best Buy. When you click a link and make a purchase, we may receive a small payment, which helps us keep the site running.

This price also represents one of the lowest we've ever tracked for a new HomePod. Best Buy offers free next-day delivery for select qualifying items in the United States, and there are also options to pick up devices at a local store. Both the White and Space Gray color options are on sale at Best Buy.

$99 OFF

HomePod for $199.99

We track the best deals on HomePod every week, so be sure to bookmark our guide if you're on the hunt for solid HomePod discounts.

Related Roundup: Apple Deals

This article, "Deals: Get a New HomePod for $199.99 in Best Buy's Latest Sale" first appeared on MacRumors.com

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Foxconn Reportedly Begins Seasonal Hiring Spree for iPhone 12 Production

Apple's largest manufacturing partner Foxconn has begun its seasonal hiring spree to assist with iPhone 12 production, offering employees who recruit qualified applicants up to a 9,000 yuan bonus, according to Chinese media reports.

As usual, Foxconn needs as many hands on deck as possible at its factory in Zhengzhou, China to assist with mass production of the upcoming iPhones. Apple is widely expected to announce four ‌iPhone 12‌ models this year, including a 5.4-inch model, two 6.1-inch models, and a 6.7-inch model, all with OLED displays and 5G connectivity.

While new iPhones usually begin shipping in late September, Apple recently indicated that supply will be available "a few weeks later" this year.

"In addition, as you know, last year, we started selling new iPhones in late September. This year, we project supply to be available a few weeks later," said Apple CFO Luca Maestri on the company's July 31 earnings call.

For everything we expect from the ‌iPhone 12‌ lineup, read our in-depth roundup.

Related Roundup: iPhone 12

Tag: Foxconn

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There's a Flicker of Hope for a Return to X-Men: The Animated Series

Zendaya hypes up Dune. A new Jurassic World: Dominion set picture teases a familiar location. Get a look at Kelly Marie Tran in Hulu’s new horror anthology. Brec Bassinger teases Stargirl’s grand finale. Plus, concept art from Amazon’s Invincible animated series, Netflix’s take on Reborn finds a writer, and a tiny…

Prototype Reveals Your eReader Might One Day Fold Just Like a Real Book

In addition to low power consumption and excellent legibility in bright sunlight, E Ink’s electronic paper displays are just as flexible as OLED screens. So while folding phones and tablets are grabbing headlines, folding eBook readers could soon be a thing too, as this prototype from E Ink reveals.