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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

Apple, Inc.'s all-around product momentum has taken it to the top of the charts in terms of profitab

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

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