When in April Apple AAPL -0.65% announced the first ever decline in iPhone sales, some observers questioned if the company’s best days are behind it. Despite the angst, Tim Cook’s Apple continues to outshine its peers in every metric that counts. Among global tech companies it has the highest revenue ($233 billion), profit ($53 billion), assets ($239 billion) and market cap ($586 billion) for the past year.
These results make Apple not only the biggest tech company in the world, but also bumps it to the 8th largest company in the world- -marking a return to the global top ten–and 4th largest in the U.S. on the 2016 Forbes Global 2000.
The Global 2000 is FORBES’ annual ranking of the planet’s largest and most powerful public companies and is based on four equally-weighted metrics: revenue, profit, assets and market value. The 2016 list includes companies from 63 countries. In the last year, these companies together produced $35 trillion in revenue and $2.4 trillion in profit. They have total assets worth $162 trillion and a combined market value of $44 trillion. (Here’s how we crunched the numbers.)
While China is sapping large company dominance from the United States — for the second year in a row Chinese banks held the top three spots on the full list — Apple sits atop a heavily American tech list.
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