Friday, March 1, 2013

Fortune names Apple 'Most Admired Company' for consecutive sixth year



Although Apple could win a position for its iPhone at GMA - there is something to take comfort from.

Fortune Magazine, which compiles a list of world's most admired companies every year, based on their financial performance, products and brand impact on consumers, has for the sixth year in a row placed Apple on top of its list of the 'Most Admired Company.'

Apples, with an overall score of 8.24, overtakes many well rputed and well known giants like Google, Amazon, IBM, FedEx Tarbucks or even Walt Disney.
The citation for Apple by Fortune is as under:
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.
Well this is an all American show as Apple has USA as its biggest market and the American customers prefer Apple over all other smartphones - even Samsung's Galaxy S3.

Apple has also been the trademark of all computers in USA, lap and desktop both, under its Mac cover.
The credit for Apple's good name goes to now deceased Steve Jobs - whose name became synonymous to Apple and whose vision and hard work earned Apple a repute that would go a long way. And this is the sole reason that the company’s sales figures and consumer appeal remain very strong.

As pointed out on Fortune’s website, the company’s refusal to compete on the prices of its products, while keeping a loyal consumer base that bring a constant stream of sales at the same time, has earned its title as the most profitable company in the world over the past year.
Which companies followed Apple - Read CNN Money

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