Despite the media's best attempts to make it appear that Apple is in dire financial straits, Fortune today reported that the company has made it into the top 10 of the Fortune 500 list.
Apple arrives in the top 10 in the number six spot, replacing HP (now #15) as the leading tech company. Here's the amazing thing -- just last year, Apple was listed as #17 in the Fortune 500. Two years ago Apple was a distant #35, the spot now occupied by Microsoft.
The ranking of the Fortune 500 is based on revenues, with Wal-Mart Stores at the top of the list with 2012 revenues of US$469.2 billion. Three US oil c