In the Fortune 500 list this year, we have seen that Apple has managed to go up two spots. This list consists of the various ranks of various U.S. companies based on the revenues they have made. Last year, Apple was standing at the 5th position, however this year, the list shows that it has climbed up by 2 spots and is now standing on the 3rd place.

The company has not only managed to overtake Chevron, however it also overtook Berkshire Hathaway which is a new AAPL investor. Exxon Mobil and Walmart are still sitting behind. The write‐up of Fortune’s for Apple should be read and if you thought that the ranking of the company had fallen instead of climbed, you can be forgiven for it. The write up states that it appeared that a wall has finally been hit by Apple. After more than a decade of selling their iPod music players and the iPhones, things became more popular. In the world, the company still manages to be a public traded company that is profitable. At the end of 2015, the upgrades of the iPhone 6s and iPhone 6S Plus had hit the markets managed to outsell their predecessors.

Throughout the year, the iPad tablet sales had continued to shrink. The arrival of Apple watch in April 2015 had modest sales and mixed reviews, even though in China, the sales of Apple managed to debate a rage even in the midst of the economy that is slow. In an unusual email in August 2015, Tim Cook the CEO of the company had written to Jim Cramer a host at CNBC that there were no summer slowdowns. In Asia, the company ended on a weak note at the end of the year. Lately, the focus has now been pushed to India by the company since the market share of the company remains miniscule, also the next upgrade cycle of the iPhone has also be tuned.