Apple has slotted into 55th place in an annual update of Fortune's Global 500 list. The ranking is based on data from the 2011 fiscal year, which in Apple's case includes $108.249 billion in revenue, with a profit of $25.922 billion. Notably Apple has risen a massive 86 spots, having held 111th place last year. Apple is also said to have achieved $116.371 billion in assets, and $76.615 billion in stockholder equity.
