The top ranked Australian company is BHP Billiton at No. 115. Photo: Tim WimborneDespite its recent fall from shareholder grace, Apple is still riding high as the second most profitable company in the world.Table: The 20 biggest companies in the world
According to Fortune Magazine’s latest Fortune Global 500, Apple recorded a cool $US41.7 billion in profit. The only company to come in higher was Exxon Mobil, with a $US44.9 billion profit.
Since hitting a peak of $US702.10 in September last year, Apple shares have plummeted 40.9 per cent to $415.05. But according to Fortune, Apple has done anything but slow down.
‘‘The introductions of the iPhone 5 and a the 7-inch iPad Mini helped propel the tech giant’s revenues up from $US108 billion in 2011 to $US157 billion last year,’’ said Fortune.
Fortune ranked the world’s 500 largest companies by revenue, a measure which puts Apple at a much lower 19th spot.
Royal Dutch Shell retained its top spot, with $US481.7 billion in revenues, while Wal-Mart snuck up from third in last year’s ranking to take the No. 2 position from Exxon.
The top 10 are dominated by oil companies, with Exxon Mobil at No. 3, Sinopec Group No. 4, China National Petroleum No. 5, British Petroleum (BP) No. 6 and Total no.10.
Despite being in the throes of an economic recovery, US companies maintained their lead in the ranking, taking up 132 places on the list. China came in second with 89 companies.
Samsung will be boasting its position over bitter rival Apple, sliding in at 14th in terms of revenue.
‘‘For Samsung, 2012 proved another banner year. While the South Korean electronics maker remained unchallenged in the TV business for the seventh consecutive year, it also became the No. 1 mobile phone maker,’’ said Fortune.
There were eight Australian companies in this year’s rankings, down from nine last year.
Australia’s top ranked company was BHP Billiton at No. 115 with $US72.2 billion in revenues producing $US15.4 in profit.
Conglomerates Wesfarmers and Woolworths followed at No. 153 and No. 159 respectively.
The big four banks and Telstra were Australia’s other ranked companies.
The original release of this article first appeared on the website of Hangzhou Night Net.