Apple continues to move up the rankings of the Fortune Global 500 largest companies. New
rankings published today show that Apple is now the most profitable company on the list, rising from third place last year, and is now in sixth place in terms of revenue, up from 12th place last year.
In the fiscal year of 2020, Apple netted $57 billion in profit, making it the most profitable company in the world according to Fortune’s list. Apple’s jump to No. 1 ended Saudi Aramco’s two-year reign as the most profitable company. It’s $57 billion in profit for fiscal 2021 is up from $55 billion in the previous year.