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Apple remains the world's most profitable company this year, even as its annual profits declined 14.4 percent in the most recent financial year, according to Fortune magazine.
China's "Big Four" banks, including Industrial & Commercial Bank of China (ICBC), China Construction Bank (CCB), Agricultural Bank of China (ABC) and Bank of China (BOC), follow from second to fifth place.
Among the top 10 world's most profitable companies, only three companies' profits increased. The three are Alphabet, Samsung Electronics and JP Morgan Chase. Their profits increased 19.1 percent, 16.8 percent and 1.2 percent, respectively.
Here are the top 10 most profitable companies in the world.
No 10 Samsung Electronics
Profits: $19.32 billion
An attendee wears a Samsung Electronics Co Gear virtual reality (VR) headset at the Virtual Reality World Congress in Bristol, UK, April 12, 2017. [Photo/VCG]
No 9 Alphabet
Profits: $19.48 billion
Eric Schmidt, chairman of Alphabet Inc, speaks during an event at Google Inc's tech campus in Seoul. Alphabet is Google's umbrella company. [Photo/VCG]
No 8 Wells Fargo
Profits: $21.94 billion
Kristi Mitchem, CEO of Wells Fargo Asset Management Corp, speaks during the Bloomberg Invest Summit in New York, June 7, 2017. [Photo/VCG]
No 7 Berkshire Hathaway
Profits: $24.07 billion
No 6 JP Morgan Chase
Profits: $24.73 billion
Jamie Dimon, CEO of JP Morgan Chase & Co, speaks during a Bloomberg Television interview on the sidelines of the JP Morgan Global China Summit in Beijing, June 5, 2017. [Photo/VCG]
No 5 Bank of China
Profits: $24.77 billion
The Bank of China stand at a financial industry expo in Beijing. [Photo provided to China Daily]
No 4 Agricultural Bank of China
Profits: $27.69 billion
No 3 China Construction Bank
Profits: $34.84 billion
A man takes photos of a robot clerk at a China Construction Bank branch in Taicang, Jiangsu province. [Photo/VCG]
No 2 Industrial & Commercial Bank of China
Profits: $41.88 billion
A bank clerk services a client at an Industrial & Commercial Bank of China branch in Zhengzhou, Henan province. [Photo/VCG]
No 1 Apple
Profits: $45.69 billion
(CHINA DAILY)
