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Apple retains top spot in Fortune 'Most Admired Companies'
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MacNN Staff
Join Date: Jul 2012
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For a sixth year in a row, Apple has claimed the top position in Fortune's annual World's Most Admired Companies list. The chart is based on a poll of executives. "Apple has had a rough time lately with its stock price in a free fall and the widely publicized failure of its Maps feature," Fortune writes. "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."
Two other high-tech companies, Google and Amazon, are in second and third behind Apple. The remainder of the top 10 includes Coca-Cola, Starbucks, IBM, Southwest Airlines, Berkshire Hathaway, Disney, and FedEx.
(Last edited by NewsPoster; Feb 28, 2013 at 11:43 AM.
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Junior Member
Join Date: Jan 2007
Location: SF
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editor.
What they meant to say: "Apple has had a rough time lately, with its stock price stabilizing at substantially less than 3 months ago, and the widely publicized failures in its Maps feature,"
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Fresh-Faced Recruit
Join Date: Nov 2008
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You mean most manipulated. Wall Street and the news media totally hate this freaking stock. In fact, they go out of their way to find fault with the company. You'd never know if any Samsung product had some defect or whatever. As far as I've seen the news media says their products are perfect and cheap to boot. If one iPhone overheats or discolors for someone, it suddenly becomes front-page news about how iPhone quality has gone to hell since Steve Jobs died. Apple is the stock that the news media loves to hate and the stock that Wall Street swears is doomed in two years time. Between the jackasses on CNBC claiming Apple is worth $200 a share to the idiots who claim the iPhone is two years behind in technology is my reasoning that Apple is not admired, but despised. Only consumers back Apple and that's as far as it goes.
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