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Amazon Leapfrogs Apple in Fortune 500

TheMotleyFool

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Fortune released its annual Fortune 500 rankings this week, listing the largest companies by revenue generated last year. Amazon.com (NASDAQ: AMZN) was able to pull off a major coup: The e-commerce behemoth has leapfrogged Apple (NASDAQ: AAPL) to become the No. 2 company behind Walmart (NYSE: WMT), which ranked No. 1 for the eighth consecutive year.

Here's how the distinguished list changed for 2020.

Amazon generated approximately $20 billion more revenue than Apple last year. Image source: Amazon.

Source Fool.com

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