Fortune today released its “Fortune 500″ rankings of America’s largest companies by revenue, and Apple has landed at #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’s profits of $14 billion in 2010 also made it the 8th most profitable company, up from 26th place last year. Apple was also cited as one of the seven biggest hirers of 2010, adding 12,600 employees during the year to reach nearly 50,000 total employees.Stay tuned with us for more breaking news. You can follow us on Twitter, Facebook, Pinterest, YouTube and check out our RSS for quick reference.