Apple Profits

Apple continues to lead the tech industry, at least when measuring by sales.

Apple is the top tech company in this year's Fortune 50o, an annual ranking of American companies by revenue. It ranked third with $233 billion in revenue.

The "fruit company" beat out every other company besides Exxon Mobil and Walmart.

Apple jumped two slots from last year, and it was also the most profitable company, with $53 billion in profits in 2015.

There are investor fears that Apple might be falling behind other tech giants like Amazon, Google, Facebook, and Microsoft in terms of emerging technologies such as machine learning, cloud services, and virtual reality.

But this year's Fortune 500 demonstrates that despite recent concern over slowing iPhone sales, it's worth remembering that Apple still generates insane amounts of sales and profits.