Apple topped the ranking of the most profitable IT companies on the background of the forecast of the first in 13 years of its revenue decline

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The San Jose Mercury News published a list of Silicon Valley 150. The ranking of the most profitable companies is based on the financial indicators recorded in the four reporting quarters.

First place in the ranking was taken by Apple , in which last year's sales amounted to $ 235 billion. Next comes Alphabet , which earned $ 75 billion in a year.
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Intel's third- largest revenue has reached almost $ 55 billion. The corporation surpassed HP with revenues of $ 52 billion. The top five closes Cisco - $ 49.5 billion. According to the authors of the rating, Apple owns 28% of the total corporate income of Silicon Valley corporations.

In 2015, the manufacturer of the iPhone and iPad received a net profit of $ 53.7 billion. The company accounted for 40% of all funds earned by Silicon Valley 150 members in 2015.

“SV150 members earned $ 216 billion in cash due to sales in 2015, 5.5% more than in the previous reporting period. In 2016, growth was three times as much - 16.2%. Cash helped to repurchase shares of $ 122.5 billion, 9% less compared to the previous year, ”the study says.

In January, Apple reported that the company's total revenue for the last three months of 2015 was $ 75.9 billion, and its net profit was $ 18.4 billion. Thus, the corporation has broken its last year's record of $ 74.6 billion in revenue and $ 18 billion in net profit.

For the first time since 2003, Apple may show a decline in revenue in the second fiscal quarter, according to CNBC, citing analysts Thomson Reuters. It is expected that sales will fall by almost 10%, to $ 52 billion, compared with $ 58 billion a year earlier, and earnings on shares will fall to $ 1.99 from $ 2.33.

Piper Jaffray analyst Gene Munster believes that Apple was the victim of the success of the previous model of the iPhone 6, whose sales surpassed the sales of the iPhone 5 by 30% compared with the expected growth of 15% and made 2015 extremely successful for the company.

Smartphones give Apple two thirds of its revenue. In February, analysts at Gartner calculated that in the fourth quarter of 2015, the number of iPhones sold decreased by 4.4% year-on-year. They noted that this was the first decline in smartphone sales in the company's history.

The financial report for the second fiscal quarter of 2016 Apple should publish today, April 26.