Based on Apple’s revenue for fiscal 2019, which wrapped up last September, the company dropped one slot in Fortune’s ranking for 2020.
From the Apple entry, posted Monday:
Mighty Apple dipped a smidge in 2019, both in terms of sales, down 2% to $260 billion, and in its ranking, from No. 3 to No. 4. 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.
My take: By the time the 66-year-old list comes out in May, Apple’s year-end results are already nine months old.
Below: The Fortune 10 list…
3. Exxon Mobil
5. CVS Health
6. Berkshire Hathaway
7. UnitedHealth Group