Apple Joins Fortune 100 and Reports Stellar 2nd Quarter
Apple Inc. (NASDAQ:AAPL) has joined the Fortune 100 list for the first time since 1994. Not only did they join the top 100, but it was at the respectable rank of #71. Last year the company was ranked 103 so they had jumped 32 spots.
The Fortune 500 magazine ranks the U.S. based corporations based on highest revenues adjusted after taxes. In 1994, Apple made it to the Fortune 100 when they were building computers that had PowerPC processors and was shipping out Mac OS System 7. Steve Jobs was no longer with the company and would join 5 years later.
Today the company announced their 2nd quarter fiscal quarter results and they were astonishing. Apple recorded $8.16 billion in revenue for the quarter ending March 28. This is up from $7.5 billion the year before. The company sold 2.22 million Mac computers, 11 million iPods, and 3.79 million iPhones.
“We are extremely pleased to report the best non-holiday quarter revenue and earnings in our history,” stated Apple CFO Peter Oppenheimer.
[via Apple PR]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry