Apple dropped two places to 11th on the list. Photo / Getty Images
Apple dropped two places to 11th on the list. Photo / Getty Images
Fortune magazine has published its Fortune Global 500 list, an annual ranking of the world's largest corporations by revenue.
US companies dominate the list, with 126 in the top 500, followed by 111 Chinese companies and 52 from Japan, reports the Daily Telegraph.
While China added two newcompanies from the previous year, and Japan added one, the US lost six.
More than half of the top 10 list consists of Chinese and American firms – just four are from different countries: Germany, Japan, the Netherlands, and the UK, with oil giant BP ranking at number eight.
Clifton Leaf, Fortune's editor-in-chief, said: "US companies face more competition today than ever. A decade ago, America was home to nearly a third (153) of the world's 500 largest companies by revenue, which together account for a stunning US$30 trillion ($44t) in revenue or 38 per cent of global GDP.
"Our share is now a quarter (126). Over the same 10 years, meanwhile, China boosted its own representation on this venerable list from 29 companies to 111."
Number one on the top 10 list, retailer WalMart – which owns Asda in the UK – has topped the Fortune Global 500 for the past five consecutive years, and has claimed the top spot a total of 13 times since 1995.
While Apple dropped two places to 11th on the list, having ranked ninth in 2017, other tech firms including Facebook, Alibaba and Tencent all jumped more than 100 places from a year ago.
