Up 21 slots from 2009. If ranked by profits, rather than revenues, it would be No. 8
Apple AAPL catapulted into the top 50 U.S. companies in the 2011 edition of the Fortune 500 released Friday. The rankings are based on revenues from the most recent fiscal year — in Apple’s case, the one that ended Sept. 2010. If profits had been the criterion, Apple would have come in eighth, right after Wal-Mart WMT and IBM IBM .
The Fortune 500 issue — with an “Inside Apple” feature story by Adam Lashinsky — is available on the iPad, now free for print subscribers (Fortune, that is, not the iPad). Meanwhile, the full 500 list has been posted online here.
Here’s what it says about Apple:
Also on Fortune.com:
- Crowds, scalpers greet iPad 2 in China
- IDC: Apple is No. 2 in smartphones
- Apple malware: 6 years of crying wolf
[Follow Philip Elmer-DeWitt on Twitter @philiped]