Amazon Leapfrogs Apple in Fortune 500
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