There is a lot of speculation about what's next for Apple's iPhone and iOS software as well as chatter regarding a new iWatch and iTV.
Just four months ago, Apple came within a stone's throw of the biggest quarterly profit in corporate history -- now it has a profit problem.
A larger iPhone, a smaller iPad, a thinner Mac and a taller iPod are what count for innovation at Apple these days.
Apple's stock has been on a tear since the tech giant announced what it called the largest share repurchase program in history.
As the power and breadth of the Fortune 500 goes on display in this issue, one of its best-known companies, Apple, stands out for so many reasons they are barely countable. In the list itself, Apple is the star, unchallenged. Once a tag-along, it has mountain-climbed to No. 6, with $156.5 billion in revenues. Its 2012 profits were an eye-popping $42 billion (second only to Exxon's $45 billion); its market value of $416 billion led all others at our March measurement date, and it has a pure monopoly on 10-year shareholder returns: first in earnings-per-share growth, with an incandescent annual rate of 86%, and first in total return, with an annual 54%.