Despite getting a lot of flak for its dropping stock price and the supposed “lack of innovation” in the company, Apple has topped Fortune’s list of world’s most admired companies for the sixth straight time.
Fortune has been releasing a list of the world’s most admired companies since the past 30 years based on an annual poll taken by industry executives, analysts and investors. These industry leaders judge companies according to nine different categories, namely, Innovation, People management, Use of corporate assets, Social responsibility, Quality of management, Financial soundness, Long-term investment, Quality of products/services and Global competitiveness. Apple topped all these categories.
Here’s what Fortune had to say:
Apple has had a rough time lately with its stock price in a free fall and the widely publicized failure of its Maps feature. However, it remains a financial juggernaut, posting $13 billion in net income last quarter, making it the most profitable company in the world during that period. The company has its fanatical customer base, and it still refuses to compete on price, making the iconic iPhone and iPad products that are still widely seen as prestige devices. Competition may be stiff, but so far it remains behind: In Q4 2012, the iPhone 5 was the world’s best selling smartphone, followed in second place by the iPhone 4S.
Apple is followed by rivals Google and Amazon in the second and third positions respectively. Other companies that figure in the list are Coca-Cola, Starbucks, IBM and Walt Disney.
Via: Fortune
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