Apple Mount to #35 in Fortune 500 Rankings, Wal-Mart at Top

Fortune has released its annual “Fortune 500” rankings of America’s largest companies by revenue. In ranking, Apple rise 21 spots this year and presently stand #35 with over $65 billion in revenue.

“Apple climbed 21 slots into the top 50 of the Fortune 500 this year. How’d it get there? The company not only continues to expand its reach in existing markets, it also keeps creating new ones.”

“Take the iPad, which showed the world the power of tablet computing when it was introduced last year. iPad 2 followed, and was one of the most highly anticipated electronic products this year. CEO Steve Jobs’ appearance at its debut in March reassured shareholders worried about his most recent medical leave. Regardless of who’s in charge, though, investors have plenty of reason to believe Apple’s magic spell on consumers can continue.”

Apple manage to get as the 8th most profitable company, whereas Wal-Mart manage to remained as the world’s largest company with $421 billion in revenue. Wal -Mart is well ahead of Exxon Mobil’s $354 billion figure.

[ Via macrumors ]

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