Apple is Still the Most Admired Company

It’s probably no surprise that Apple has once again snagged the top position in Fortune’s recently released list of the Top 50 World’s Most Admired Companies.  This is the sixth year in a row that Apple has managed to grab the top honor.  They managed to top both Google and Amazon, which came in second and third, respectively. The decision is voted on by a group of  3,800 executives and directors. Apple was the clear choice for the number one position, despite experiencing its share of problems this year, including the failure of its Maps feature and problems with its stock price. Apple’s successes far outweighed any problems they may have weathered. Fortune called the company a “financial juggernaut” and reported that they posted $13 billion in net income last quarter, which made it the most profitable company in the world during that period. They also stated that, “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.” Although the list is an international list of companies, American companies hold the top 13 positions.  Other companies in the top five [...]

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