Start the conversation
Apple's four major divisions – the iPhone, the iPad, the Mac, and the iTunes Store – rake in so much revenue each that they would rank individually in the top half of the Fortune 500.
The iPhone business, with fiscal year 2012 revenue of over $80 billion, would rank 29th in the Fortune 500, ahead of such tech titans as Microsoft Corp. (Nasdaq: MSFT), Amazon.com (Nasdaq: AMZN) and Google Inc. (Nasdaq: GOOG).
The $32 billion iPad business is no slouch either: It would rank 95th – bigger than Time Warner Corp. (NYSE: TWX).
It's hard to believe that all of AAPL had revenue of just $6.21 billion in 2003.
Even Apple's Macintosh computer business, though overshadowed by its mobile cousins, also has grown into a mighty money-maker. The Mac business pulled in over $23 billion in FY 2012, which would make it 125th on the Fortune 500.
And the iTunes Store – typically thought of as just a support system for the iPhone, iPad and iPod businesses – generates a ton of revenue when you include all the developer and media vendor revenue that passes through the store. (Apple only reports the cut it takes in its earnings.)
According to Horace Dediu of Asymco, all revenue transacted through iTunes Store adds up to a stunning $12 billion annually.
The chart below shows where all of AAPL's businesses would rank in the 2012 Fortune 500, which was released last May.
Related Articles and News:
- Money Morning:
Apple Stock in 2013: Hang On For Another Wild Ride
- Money Morning:
Why Apple Inc. (Nasdaq: AAPL) is Too Rich For the Dow Jones
A more complete picture of the iTunes economy
List of the Fortune 500 Companies