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Xiaomi strikes up on Fortune’s World 500 record (#338), Apple is close to the highest (#6)


Fortune journal printed its World 500 rating for final yr and famous that 135 firms on the record hail from mainland China – that is greater than every other nation. Amongst these firms is Xiaomi, which made the record for the third consecutive yr.


Xiaomi moved up 84 places in Fortune's Global 500 list

Xiaomi moved up 84 locations in Fortune’s World 500 record

The corporate celebrated its 338th place – that is 84 locations larger than it was a yr in the past. In accordance with a report by Canalys, Xiaomi surpassed Apple to change into the second largest smartphone maker within the second quarter of this yr when it comes to gross sales. Samsung continues to be forward in first place, however the margin is shrinking.

After all, Xiaomi is concerned in nearly each gadget class, from sensible bands to sensible TVs, from electrical scooters to electrical kettles. Fortune’s rating is for the corporate general, not simply its cellular enterprise. Having a more in-depth have a look at Xiaomi’s rating card, the corporate noticed income double and a 19.6% improve in income.

Retail giants like Walmart (#1) and Amazon (#3) are within the Prime 10, naturally. The upper positions of the record characteristic many automotive makers and firms coping with petroleum and monetary providers. However we’ll give attention to telephones – you may have a look at the full World 500 record in the event you’re interested by any specific model.

Apple has had ups and downs over the years
Apple has had ups and downs over time

Apple is the highest smartphone maker at #6. A bit additional down are rivals Samsung (#15) and Google’s guardian firm, Alphabet (#21). Hon Hai Precision Trade (aka Foxconn) is #22. US carriers are fairly excessive on the record too, together with AT&T (#26) and Verizon (#47), Deutsche Telekom (proprietor of T-Cellular) is #53, China Cellular is #56. Sony is within the #88 spot, although not essentially for its smartphone enterprise.

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