How do the biggest American companies make money?
Before you invest in any of these companies, you should probably know what they make and how they bring in ungodly amounts of money. Fortunately, we took the liberty to examine each company in the Fortune Top 10 and see what makes them so much cash.
- Ford Motorford
Ford ($F) is one of the biggest American care manufacturers in the world. Though they make cars in the states, they export their vehicles to countless other countries, which earned them $151.8 billion in revenue during 2016.
- AT&TAT&T
AT&T ($T) isn’t just a mobile phone company. They provide home internet, home television (you know, like a cable service), and even satellite television through DirecTV. They had enough customers across the country last year to generate $163.79 billion in revenue. That’s a lot of phone calls!
- General MotorsGeneral Motors
Like Ford, General Motors ($GM) makes cars. Their GMC, Cadillac, Chevrolet, and Buick brands sell millions of vehicles across the world in a variety of body and kit types, styles, and configurations. Last year, this earned them $166.38 billion, which isn’t bad for a once-struggling car company.
- AppleApple
Apple ($AAPL) sells smart phones (iPhones), tablets (iPads), computers (MacBooks and iMacs), and devices to go along with their products. They sold enough iStuff last year to make $215.64 billion. To put it into perspective, they rake in more revenue than ExxonMobil, an oil company.