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2021-08-03

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Apple Topples Saudi Aramco To Be The Most Profitable Fortune Global 500 Company In 2020

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The company reported profits of $49.287 billion for the year.SoftBank Group Corp. - ADR&nbsp;took the third position with $47.053 billion in profit.\nWalmart Inc.&nbsp;was the top revenue-generating global company for the eighth consecutive year. Theretail giant&nbsp;clocked revenues of $523.964 billion for the fiscal year 2020. State-owned Chinese electricity utility&nbsp;State Grid&nbsp;followed with $383.906 billion in revenues.\nAmazon.com, Inc.&nbsp;was in third place by virtue of its $280.522 billion revenues. The fourth and fifth places were taken by integrated oil companies&nbsp;China National Petroleum&nbsp;and&nbsp;Sinopec Shanghai Petrochemical Co.\nApple was placed sixth in terms of revenue, a jump from the 12th position it held previously.\nThe Fortune 500 companies generated revenues of $31.7 trillion, down 5%, and profits of $1.6 trillion, down  20%, the report showed. 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The company reported profits of $49.287 billion for the year.SoftBank Group Corp. - ADR&nbsp;took the third position with $47.053 billion in profit.\nWalmart Inc.&nbsp;was the top revenue-generating global company for the eighth consecutive year. Theretail giant&nbsp;clocked revenues of $523.964 billion for the fiscal year 2020. State-owned Chinese electricity utility&nbsp;State Grid&nbsp;followed with $383.906 billion in revenues.\nAmazon.com, Inc.&nbsp;was in third place by virtue of its $280.522 billion revenues. The fourth and fifth places were taken by integrated oil companies&nbsp;China National Petroleum&nbsp;and&nbsp;Sinopec Shanghai Petrochemical Co.\nApple was placed sixth in terms of revenue, a jump from the 12th position it held previously.\nThe Fortune 500 companies generated revenues of $31.7 trillion, down 5%, and profits of $1.6 trillion, down  20%, the report showed. The companies employ 69.7 million people worldwide.\nFortune blamed the softness relative to the previous year and&nbsp;the COVID-19 pandemic.\nApple Juggernaut Rolls On:Last week,&nbsp;Apple&nbsp;reported&nbsp;record June quarter results, with both revenues and earnings surpassing expectations.\n\"With 5G now in the cards and roughly 40% of its 'golden jewel'&nbsp;iPhone installed base not upgrading their phones in the last 3.5 years, Cook &amp; Co. have the stage set for a renaissance of growth in Cupertino,\" Wedbush analyst Daniel Ives said in a note reviewing the company's quarterly results.\nAt last check, Apple shares were down 0.23% at $145.52.\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WMT":"沃尔玛","SFTBY":"软银集团","AMZN":"亚马逊","AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133429741","content_text":"Apple, Inc.'s all-around product momentum has taken it to the top of the charts in terms of profitability.\nCupertino Tops On Profits:Apple, with $67 million in profits for the fiscal year 2020, was the leader in the Fortune Global 500, released today.\nApple wrested the No. 1 \"Most Profitable\" ranking from Saudi Arabian oil giant Saudi Aramco,which held the top spot for two straight years. The company reported profits of $49.287 billion for the year.SoftBank Group Corp. - ADR took the third position with $47.053 billion in profit.\nWalmart Inc. was the top revenue-generating global company for the eighth consecutive year. Theretail giant clocked revenues of $523.964 billion for the fiscal year 2020. State-owned Chinese electricity utility State Grid followed with $383.906 billion in revenues.\nAmazon.com, Inc. was in third place by virtue of its $280.522 billion revenues. The fourth and fifth places were taken by integrated oil companies China National Petroleum and Sinopec Shanghai Petrochemical Co.\nApple was placed sixth in terms of revenue, a jump from the 12th position it held previously.\nThe Fortune 500 companies generated revenues of $31.7 trillion, down 5%, and profits of $1.6 trillion, down  20%, the report showed. The companies employ 69.7 million people worldwide.\nFortune blamed the softness relative to the previous year and the COVID-19 pandemic.\nApple Juggernaut Rolls On:Last week, Apple reported record June quarter results, with both revenues and earnings surpassing expectations.\n\"With 5G now in the cards and roughly 40% of its 'golden jewel' iPhone installed base not upgrading their phones in the last 3.5 years, Cook & Co. have the stage set for a renaissance of growth in Cupertino,\" Wedbush analyst Daniel Ives said in a note reviewing the company's quarterly results.\nAt last check, Apple shares were down 0.23% at $145.52.","news_type":1},"isVote":1,"tweetType":1,"viewCount":297,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":20,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/804686526"}