Apple's is movin' on up the Fortune 500 list, passing computer heavyweight IBM.
Apple landed at No. 17, up from No. 35, in terms of 2011 revenue, which was a cool $108.2 billion.
To put Apple's meteoric rise into perspective, blue-chip tech stalwart IBM dropped one spot to No. 19, with 2011 revenues of $106.9 billion.
And Hewlett-Packard is also feeling the heat from Apple. Though Apple's Silicon Valley neighbor moved up one spot to No. 10, with revenue of $127.2 billion, HP is not the profit juggernaut that Apple is.
Apple was No.… Read more